XpresSpa Group, Inc. (NASDAQ:XSPA – Get Rating) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $0.87 and traded as low as $0.66. XpresSpa Group shares last traded at $0.86, with a volume of 2,342,447 shares trading hands.
Separately, HC Wainwright lowered their price target on XpresSpa Group from $4.00 to $2.00 and set a “buy” rating on the stock in a research report on Wednesday, May 18th.
The company has a 50-day moving average price of $0.87 and a 200-day moving average price of $1.25.
In other news, Director Robert Weinstein sold 45,000 shares of the firm’s stock in a transaction dated Wednesday, April 20th. The stock was sold at an average price of $1.06, for a total value of $47,700.00. Following the sale, the director now directly owns 106,485 shares of the company’s stock, valued at $112,874.10. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last ninety days, insiders sold 60,020 shares of company stock worth $64,021. 0.99% of the stock is currently owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. Spire Wealth Management acquired a new stake in XpresSpa Group during the fourth quarter worth about $30,000. Commonwealth Equity Services LLC grew its position in XpresSpa Group by 106.6% during the first quarter. Commonwealth Equity Services LLC now owns 29,200 shares of the company’s stock worth $33,000 after buying an additional 15,064 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in XpresSpa Group during the fourth quarter worth about $34,000. Fund Evaluation Group LLC acquired a new stake in XpresSpa Group during the fourth quarter worth about $38,000. Finally, Goldman Sachs Group Inc. acquired a new stake in XpresSpa Group during the second quarter worth about $36,000. 17.35% of the stock is currently owned by institutional investors and hedge funds.
About XpresSpa Group (NASDAQ:XSPA)
XpresSpa Group, Inc, a health and wellness services company, provides spa services at airports. It operates through three segments: XpresSpa, XpresTest, and Treat. The company offers spa services, including massage, and nail and skin care, as well as spa and travel products; and retail products. It also operates wellness centers that provides COVID-19 screening and testing, and rapid testing services for other communicable diseases, such as influenza, COVID-19, RSV, Flu A&B, and seasonal flu vaccination services; and other medical diagnostic testing services.
- Get a free copy of the StockNews.com research report on XpresSpa Group (XSPA)
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