WeWork (NYSE:WE) Trading Down 5.8%

Shares of WeWork Inc. (NYSE:WEGet Free Report) were down 5.8% on Monday . The stock traded as low as $0.11 and last traded at $0.11. Approximately 14,683 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 1,606,810 shares. The stock had previously closed at $0.12.

WeWork Stock Down 5.8 %

The company has a market cap of $6.02 million, a P/E ratio of 0.00 and a beta of 2.08. The company has a fifty day moving average of $0.14 and a 200 day moving average of $0.28.

Institutional Trading of WeWork

An institutional investor recently raised its position in WeWork stock. Hsbc Holdings PLC lifted its holdings in WeWork Inc. (NYSE:WEFree Report) by 57.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 82,657 shares of the company’s stock after acquiring an additional 30,195 shares during the period. Hsbc Holdings PLC owned 0.16% of WeWork worth $245,000 at the end of the most recent reporting period.

WeWork Company Profile

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for WeWork Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WeWork and related companies with MarketBeat.com's FREE daily email newsletter.