American Rebel (NASDAQ:AREB) Stock Price Down 2.4%

American Rebel Holdings, Inc. (NASDAQ:AREB) was down 2.4% on Wednesday . The stock traded as low as $0.29 and last traded at $0.30. Approximately 73,017 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 659,366 shares. The stock had previously closed at $0.31.

American Rebel Stock Down 2.4 %

The firm has a fifty day moving average price of $0.30 and a two-hundred day moving average price of $0.33.

Institutional Investors Weigh In On American Rebel

Several hedge funds and other institutional investors have recently modified their holdings of AREB. Raymond James & Associates purchased a new stake in shares of American Rebel in the first quarter worth approximately $96,000. Verition Fund Management LLC purchased a new stake in shares of American Rebel in the first quarter worth approximately $36,000. Jane Street Group LLC bought a new position in American Rebel in the first quarter worth approximately $31,000. Virtu Financial LLC bought a new position in American Rebel in the fourth quarter worth approximately $26,000. Finally, Armistice Capital LLC grew its stake in American Rebel by 149.0% in the third quarter. Armistice Capital LLC now owns 178,000 shares of the company’s stock worth $124,000 after purchasing an additional 106,501 shares in the last quarter. 13.60% of the stock is currently owned by hedge funds and other institutional investors.

American Rebel Company Profile

American Rebel Holdings, Inc designs and markets branded safes, and personal security and self-defense products. The company offers home, office, and personal safes, as well as vault doors; concealed carry backpacks; and a range of concealed carry jackets, vests, coats, and T-shirts for men and women.