Rubicon Technologies, Inc. (NASDAQ:RBT – Get Rating) was up 2.5% on Monday . The stock traded as high as $0.54 and last traded at $0.52. Approximately 916,924 shares traded hands during trading, an increase of 360% from the average daily volume of 199,524 shares. The stock previously closed at $0.51.
Rubicon Technologies Price Performance
The business has a 50-day simple moving average of $0.99 and a two-hundred day simple moving average of $1.63.
Insider Activity at Rubicon Technologies
In other news, Director Hernandez Andres Chico acquired 555,555 shares of Rubicon Technologies stock in a transaction dated Thursday, March 16th. The stock was acquired at an average cost of $0.90 per share, for a total transaction of $499,999.50. Following the completion of the purchase, the director now owns 681,183 shares of the company’s stock, valued at $613,064.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Hernandez Andres Chico purchased 555,555 shares of the firm’s stock in a transaction on Thursday, March 16th. The stock was bought at an average cost of $0.90 per share, for a total transaction of $499,999.50. Following the completion of the acquisition, the director now directly owns 681,183 shares of the company’s stock, valued at $613,064.70. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Jose Miguel Enrich acquired 111,111 shares of the company’s stock in a transaction dated Thursday, March 16th. The stock was acquired at an average price of $0.90 per share, for a total transaction of $99,999.90. Following the completion of the purchase, the insider now directly owns 111,111 shares of the company’s stock, valued at approximately $99,999.90. The disclosure for this purchase can be found here.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of RBT. Smith Moore & CO. acquired a new stake in shares of Rubicon Technologies in the third quarter worth $29,000. Edge Capital Group LLC bought a new stake in Rubicon Technologies in the 3rd quarter valued at $3,407,000. Palantir Technologies Inc. acquired a new stake in Rubicon Technologies in the 3rd quarter worth $7,455,000. Raymond James & Associates bought a new position in shares of Rubicon Technologies during the 3rd quarter worth about $37,000. Finally, Cohen & Co Financial Management LLC acquired a new position in shares of Rubicon Technologies during the third quarter valued at about $5,694,000.
Rubicon Technologies Company Profile
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Rubicon Technologies, Inc., a digital marketplace for waste and recycling services, provides cloud-based waste and recycling solutions to businesses, governments, and organizations worldwide. It offers solutions for waste generators, haulers and recyclers, cities, and fleets. The company provides consultation and management services to customers for waste removal, waste management, logistics, and recycling solutions.
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