Milton C. Ault III Sells 107,016 Shares of Algorhythm Holdings, Inc. (NASDAQ:RIME) Stock

Algorhythm Holdings, Inc. (NASDAQ:RIME) major shareholder Milton C. Ault III sold 107,016 shares of the company’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $0.51, for a total transaction of $54,578.16. Following the completion of the transaction, the insider now directly owns 1,452,984 shares of the company’s stock, valued at $741,021.84. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Algorhythm Price Performance

NASDAQ:RIME traded down $0.03 on Monday, reaching $0.47. The stock had a trading volume of 126,872 shares, compared to its average volume of 241,360. Algorhythm Holdings, Inc. has a 12-month low of $0.35 and a 12-month high of $1.97.

About Algorhythm

Algorhythm Holdings, Inc, together with its subsidiaries, engages in the development, marketing, and sale of consumer karaoke audio equipment, accessories, and musical recordings in North America, Australia, the United Kingdom, Europe, and internationally. It offers karaoke products under the Singing Machine brand; licensed karaoke microphone products under the Carpool Karaoke brand; microphone and accessories, and portable Bluetooth microphones under the Party Machine brand; music entertainment singing machines for children under the brand Singing Machine Kids; connected vehicle karaoke devices; and karaoke music subscription services for the iOS and Android platforms, as well as a web-based download store and integrated streaming services for hardware.