WeWork (NYSE:WE) Trading Up 6.7%

WeWork Inc. (NYSE:WE) shares traded up 6.7% on Wednesday . The company traded as high as $0.18 and last traded at $0.16. 23,027 shares changed hands during trading, a decline of 99% from the average session volume of 1,606,810 shares. The stock had previously closed at $0.15.

WeWork Stock Performance

The company has a 50-day moving average of $0.13 and a 200-day moving average of $0.49. The stock has a market capitalization of $8.52 million, a price-to-earnings ratio of 0.00 and a beta of 2.08.

Hedge Funds Weigh In On WeWork

Institutional investors have recently made changes to their positions in the stock. Hsbc Holdings PLC lifted its stake in shares of WeWork by 57.6% during the third quarter. Hsbc Holdings PLC now owns 82,657 shares of the company’s stock valued at $245,000 after buying an additional 30,195 shares during the period. Victory Capital Management Inc. purchased a new position in shares of WeWork during the 3rd quarter worth $160,000. Finally, Mackenzie Financial Corp purchased a new stake in shares of WeWork in the third quarter valued at $1,176,000.

WeWork Company Profile

WeWork Inc provides flexible workspace solutions to individuals and organizations worldwide. The company offers workstation, private office, and customized floor solutions; and various amenities and services, such as private phone booths, internet, high-speed business printers and copiers, mail and package handling, front desk services, off-peak building access, common areas, and daily enhanced cleaning solutions.