VCI Global (NASDAQ:VCIG) Shares Up 36.2% – What’s Next?

VCI Global Limited (NASDAQ:VCIG) shot up 36.2% on Friday . The company traded as high as $1.28 and last traded at $1.23. 18,556,769 shares traded hands during trading, an increase of 220% from the average session volume of 5,796,761 shares. The stock had previously closed at $0.90.

VCI Global Trading Up 36.2%

The business has a 50-day simple moving average of $2.26 and a two-hundred day simple moving average of $9.65.

Hedge Funds Weigh In On VCI Global

An institutional investor recently bought a new position in VCI Global stock. Millennium Management LLC bought a new stake in VCI Global Limited (NASDAQ:VCIG) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 14,144 shares of the company’s stock, valued at approximately $25,000. Millennium Management LLC owned about 0.11% of VCI Global at the end of the most recent quarter. 0.20% of the stock is owned by hedge funds and other institutional investors.

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.