Nestlé (OTCMKTS:NSRGF) Trading Down 0.5% – Here’s What Happened

Nestlé S.A. (OTCMKTS:NSRGF) shares traded down 0.5% during trading on Monday . The stock traded as low as $89.17 and last traded at $90.54. 2,709 shares were traded during trading, a decline of 88% from the average session volume of 23,254 shares. The stock had previously closed at $90.99.

Nestlé Stock Performance

The firm’s 50-day simple moving average is $100.70 and its 200 day simple moving average is $98.21.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Nestlé stock. Stonebridge Capital Management Inc. bought a new position in shares of Nestlé S.A. (OTCMKTS:NSRGF) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,000 shares of the company’s stock, valued at approximately $202,000. Hedge funds and other institutional investors own 27.22% of the company’s stock.

About Nestlé

Nestlé SA, together with its subsidiaries, operates as a food and beverage company. The company operates through Zone North America; Zone Europe; Zone Asia, Oceania, and Africa; Zone Latin America; Zone Greater China; Nespresso; and Nestlé Health Science segments. It offers baby foods under the Cerelac, Gerber, Nido, and NaturNes brands; bottled water under the Nestlé Pure Life, Perrier, Vittel, Buxton, Erikli, and S.Pellegrino brands; cereals under the Fitness, Nesquik, cheerios, and Lion Cereals brands; and chocolate and confectionery products under the KitKat, Smarties, Aero, Nestlé Les Recettes de l'Atelier, Milkybar, Baci Perugina, Quality Street, and Fitness brands.