These 10 Companies Led Monday’s Downturn

6. Rumble Inc. (NASDAQ:RUM)

Shares of Rumble extended a losing streak for a third day on Monday, losing 3.92 percent to close at $12.25 apiece, as the flurry of positive news for the company failed to spark investor buying appetite.

RUM shares initially traded lower in morning trade before perking up to $13.15 apiece and again losing momentum towards the final trading session.

On Monday, RUM announced the inauguration of an official White House channel by US President Donald Trump as part of the government’s plan to expand its portfolio of content providers. The development spells positively for the company especially as it works its way to becoming a growing force in the video platform space.

Last week, meanwhile, RUM officially announced the departure of Michael Ellis as its general counsel to pursue a deputy director position for the Central Intelligence Agency. RUM said it gave Ellis worth $1 million payout upon his resignation.