American Rebel Holdings, Inc. (AREB), a company involved in the provision of safes and personal security products, soared 13.64% during Tuesday’s regular trading session and was trading at $1.75 at the end of the day. In the premarket trading session, AREB stock is continuing upon the already built momentum, as it has gained an increase of 3.43% and as a result was trading at $1.81 when last checked. The continuing increase could be attributed to CEO’s participation in emerging growth conferences.
Presentation at Emerging Growth Conference
On Tuesday, AREB announced that it had been invited to present at the Emerging Growth Conference. The conference was to take place on 30th March 2022. American Rebel Holdings said that the presentation at the conference would provide an opportunity to the existing stockholders as well as the investor community to interact with the CEO of the company, Andy Ross, and pose questions in front of him regarding recent developments.
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Pricing of Underwritten Public Offering
On the 4th of February, AREB announced the pricing of its underwritten public offering of 2,530,121 units, with a public price of $4.15 per Unit. The gross proceeds from the offering are estimated to be $10.5 million. Each of the units was to comprise one share of the common stock as well as one warrant for the purchase of one share of the common stock. The company said that its common shares have been listed on the NASDAQ under the ticker symbol “AREB” and began trading on the 7th of February 2022.
AREB Opening Order Filled from Dunham
On 21st February, AREB reported filling its opening order from Dunham’s Sports. Dunham is a regional superstore chain involved in the trade of sporting goods at a very large scale. Nathan Findley, President of American Rebel, while commenting on the development said that the filling of the opening order from Dunham has provided the company with an opportunity to expand the availability of its safes.
What’s in Store for AREB?
Looking ahead, analysts are of the view that AREB stock holds a buying opportunity for investors. Despite the presence of stock in a wide falling trend, its short-term signals are pointing in a positive direction for the stock. Hence, AREB stock is expected to perform well in the short term.