American Rebel (NASDAQ:AREB) Stock Price Up 6,914.1% – Here’s What Happened

American Rebel Holdings, Inc. (NASDAQ:AREB)’s share price shot up 6,914.1% on Monday . The company traded as high as $8.54 and last traded at $6.46. 74,926 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 5,722,521 shares. The stock had previously closed at $0.0921.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of American Rebel in a report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat, American Rebel presently has an average rating of “Sell”.

American Rebel Price Performance

The company has a market capitalization of $67.38 million, a price-to-earnings ratio of 0.00 and a beta of 1.40. The business has a fifty day moving average price of $260.77 and a 200 day moving average price of $6,812.25.

Institutional Trading of American Rebel

A hedge fund recently bought a new stake in American Rebel stock. CWA Asset Management Group LLC purchased a new position in American Rebel Holdings, Inc. (NASDAQ:AREB) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 100,000 shares of the company’s stock, valued at approximately $95,000. CWA Asset Management Group LLC owned about 17.86% of American Rebel at the end of the most recent reporting period. 13.60% of the stock is owned by institutional investors and hedge funds.

American Rebel Company Profile

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. It also offers accessories, such as back-over and back-under handgun hangers, ballistic shields, safe light kits, mag minders, moisture guards, and rifle rod kits and rods. In addition, the company's personal security and self-defense products include concealed carry backpacks; and concealed carry jackets, vests, and coats, as well as T-shirts for men and women under the American Rebel brand.