Magic Empire Global (NASDAQ:MEGL) Stock Price Up 2.6%

Magic Empire Global Limited (NASDAQ:MEGLGet Free Report) shares rose 2.6% during mid-day trading on Tuesday . The company traded as high as 0.67 and last traded at 0.65. Approximately 101,900 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 342,971 shares. The stock had previously closed at 0.63.

Magic Empire Global Stock Up 2.6 %

The business has a 50 day simple moving average of 0.76 and a 200-day simple moving average of 0.89.

Institutional Trading of Magic Empire Global

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. UBS Group AG acquired a new stake in shares of Magic Empire Global during the 3rd quarter worth about $75,000. Schonfeld Strategic Advisors LLC acquired a new position in Magic Empire Global in the 4th quarter valued at about $39,000. Finally, Renaissance Technologies LLC purchased a new position in Magic Empire Global in the 4th quarter valued at approximately $63,000. 0.51% of the stock is owned by institutional investors and hedge funds.

Magic Empire Global Company Profile

(Get Free Report)

Magic Empire Global Limited engages in the provision of corporate finance advisory services and underwriting services in Hong Kong. The company provides initial public offering sponsorship, financial and independent financial advisory, financial advisory, post-listing compliance advisory, and underwriting services to corporations.

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