Why Is RiskOn International (ROI) Stock Up 28% Today?


  • RiskOn International (ROI) stock is up Wednesday on insider buying.
  • That saw Milton C. Ault III increase his stake in the gaming platform.
  • This news brings with it heavy trading of ROI stock today.
ROI Stock - Why Is RiskOn International (ROI) Stock Up 28% Today?

Source: allme3d / shutterstock.com

RiskOn International (NASDAQ:ROI) stock is on the rise Wednesday as investors in the gaming platform company react to insider buying.

A filing with the Securities and Exchange Commission (SEC) reveals that Milton C. Ault III has acquired additional shares of ROI stock. He is a more than 10% shareholder in the company and is the executive chairman of Ault Alliance (NYSEMKT:AULT).

Ault acquired 1,000 shares of ROI stock under his direct ownership for an average price of $0.1575 each. This has him directly holding 7,000 shares of the stock.

To go along with that, he acquired 103,525 shares of ROI stock for an average price of $0.1554 through Ault Alpha LP. This brings that firm’s holdings to 139,000 shares.

Outside of this, Ault Lending LLC also holds 567,251 shares of ROI stock. Ault is the manager of these funds and is considered to beneficially own the shares held by them.

ROI Stock Movement Today

Following today’s insider buying news, ROI stock is seeing heavy trading. That has more than 12 million shares changing hands as of this writing. For comparison, the company’s daily average trading volume is about 500,000 shares.

ROI stock is up 28.2% as of Wednesday morning.

Investors seeking out even more of the latest stock market stories are in the right place!

We have all of the hottest stock market news traders need to know about on Wednesday! That includes a breakdown of the biggest pre-market stock movers, the latest news concerning Champions Oncology (NASDAQ:CSBR) stock and more. All of that is ready to go at the following links!

More Wednesday Stock Market News

On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risks. 

Read More: Penny Stocks — How to Profit Without Getting Scammed 

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Article printed from InvestorPlace Media, https://investorplace.com/2023/12/why-is-riskon-international-roi-stock-up-28-today/.

©2024 InvestorPlace Media, LLC