BuzzFeed (NASDAQ:BZFDW) Trading 3.3% Higher

BuzzFeed, Inc. (NASDAQ:BZFDW – Get Rating) traded up 3.3% during trading on Friday . The stock traded as high as $0.10 and last traded at $0.10. 57,301 shares were traded during trading, a decline of 75% from the average session volume of 226,194 shares. The stock had previously closed at $0.10.

BuzzFeed Stock Performance

The company has a 50 day moving average price of $0.18 and a 200 day moving average price of $0.14.

Hedge Funds Weigh In On BuzzFeed

A hedge fund recently raised its stake in BuzzFeed stock. LMR Partners LLP raised its stake in BuzzFeed, Inc. (NASDAQ:BZFDW – Get Rating) by 9.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,457,585 shares of the company’s stock after buying an additional 219,274 shares during the period. LMR Partners LLP’s holdings in BuzzFeed were worth $3,834,000 as of its most recent SEC filing.

BuzzFeed Company Profile

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BuzzFeed, Inc, a tech-powered media company, provides breaking news, original reporting, entertainment, and videos across the social Web to its global audience. It also provides cross-platform network such as BuzzFeed Originals, which creates articles, lists, quizzes, and videos; BuzzFeed Media, comprises a portfolio of identity-driven lifestyle brands that includes Nifty, Goodful, As/Is, and Tasty; BuzzFeed Studios, that produces original content across broadcast, cable, film, and digital platforms; BuzzFeed News, which includes reporting and investigative journalism; and BuzzFeed Commerce, which develops social commerce products and experiences, licensing, and other strategic partnerships.