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Rum stock price weakness in consumer staples dragged

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Weakness in consumer staples dragged Rum stock price down 0.6% to $8.70, even as broader markets made modest gains. The divergence highlights stock-specific factors at play, possibly linked to raw material cost outlooks. As per AllianceBernstein, tariffs and trade wars have impacted investors of late. While some asset classes were spared, the US small-cap stocks have been hard hit. Over the past 6 months, the Russell 2000 Index has witnessed a decline of over ~10%. That being said, the investment firm opines that equity markets continue to show signs of broadening, which can work in favor of small-caps over time. The small-caps have underperformed in part since they are perceived as being more economically sensitive as compared to their larger-company counterparts. © 2020-2025 StockTitan.net - Your Edge is Information In today’s session, Rum stock price fluctuated between $8.62 and $8.88, with algo-driven buy programs appearing active around the $8.80 zone. Market technicians are eyeing a potential golden cross setup forming on the daily chart.