VCI Global (NASDAQ:VCIG) Trading Down 2% – Should You Sell?

VCI Global Limited (NASDAQ:VCIG)’s stock price traded down 2% during mid-day trading on Thursday . The company traded as low as $2.71 and last traded at $2.99. 977,197 shares were traded during trading, an increase of 538% from the average session volume of 153,081 shares. The stock had previously closed at $3.05.

VCI Global Price Performance

The firm has a 50-day simple moving average of $5.78 and a two-hundred day simple moving average of $21.91.

Hedge Funds Weigh In On VCI Global

A hedge fund recently bought a new stake in VCI Global stock. Millennium Management LLC acquired a new position in shares of VCI Global Limited (NASDAQ:VCIG) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 14,144 shares of the company’s stock, valued at approximately $25,000. Millennium Management LLC owned approximately 0.11% of VCI Global as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 0.20% of the company’s stock.

VCI Global Company Profile

VCI Global Limited, together with its subsidiaries, provides business and technology consulting services in Malaysia. The company offers business strategy consultancy services, including listing solutions, investors relations, and boardroom strategies consultancy. It also provides technology consultancy services and solutions, such as digital development, fintech solution, and software solutions.