10 Firms Shine Amid Wall Street’s Lackluster Trading

3. Rumble Inc. (NASDAQ:RUM)

Rumble Inc.’s (RUM) shares grew for a second day on Thursday, jumping by 12.59 percent to close at $12.25 each following bullish coverage from analysts and optimism over President-elect Donald Trump’s plans to create a US strategic cryptocurrency reserve.

Rumble, a video-sharing platform and Bitcoin mining firm, earned a “buy” rating and a one-year price target of $20 from Maxim analyst Tom Forte.

Meanwhile, investor confidence was further boosted after reports that Trump was serious about creating a US cryptocurrency reserve and that he would move to add cryptocurrencies including XRP, Solana, and USD Coin to the project.

Late last year, Rumble (RUM) said it made a $20 million Bitcoin purchase for its own cryptocurrency reserve. Not long after, it was announced that Tether was pouring as much as $775 million into the company.