American Rebel (NASDAQ:AREB) Trading Down 8% – Should You Sell?

American Rebel Holdings, Inc. (NASDAQ:AREB)’s stock price fell 8% during mid-day trading on Thursday . The stock traded as low as $3.44 and last traded at $3.56. 235,702 shares were traded during trading, a decline of 69% from the average session volume of 770,583 shares. The stock had previously closed at $3.87.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of American Rebel in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, American Rebel currently has an average rating of “Sell”.

American Rebel Stock Down 8.0%

The business has a fifty day moving average of $16.64 and a 200-day moving average of $42.63.

Insider Activity

In related news, CEO Charles Andrew Ross, Jr. sold 8,750 shares of the business’s stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $18.80, for a total value of $164,500.00. Following the completion of the sale, the chief executive officer owned 5 shares in the company, valued at approximately $94. The trade was a 99.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 74.11% of the company’s stock.

About American Rebel

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.