American Rebel (NASDAQ:AREB) Stock Price Down 3.4% – Here’s What Happened

American Rebel Holdings, Inc. (NASDAQ:AREB)’s stock price traded down 3.4% during trading on Wednesday . The company traded as low as $2.24 and last traded at $2.27. 562,273 shares were traded during trading, a decline of 73% from the average session volume of 2,093,160 shares. The stock had previously closed at $2.35.

American Rebel Trading Down 3.4%

The stock’s fifty day moving average is $4.45 and its 200 day moving average is $28.39.

American Rebel (NASDAQ:AREB) last posted its quarterly earnings results on Thursday, May 15th. The company reported ($23.45) EPS for the quarter. American Rebel had a negative net margin of 111.30% and a negative return on equity of 772.51%. The firm had revenue of $2.51 million for the quarter.

Insider Activity at American Rebel

In related news, major shareholder Financial Lp Hrt sold 181,652 shares of the company’s stock in a transaction on Monday, April 7th. The shares were sold at an average price of $13.31, for a total transaction of $2,417,788.12. Following the completion of the sale, the insider now directly owns 9,994 shares in the company, valued at $133,020.14. This represents a 94.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 84.67% of the stock is currently owned by company insiders.

American Rebel Company Profile

American Rebel Holdings, Inc designs and markets branded safes, and personal security and self-defense products. The company's safes are offered in various sizes and shapes for home, office, and personal use, as well as provides vault doors, handgun vaults, and inventory control safes under the American Rebel brand.