Pop Culture Group (NASDAQ:CPOP) Stock Price Down 6% – Here’s What Happened

Pop Culture Group Co., Ltd. (NASDAQ:CPOP)’s share price dropped 6% during trading on Monday . The stock traded as low as $0.73 and last traded at $0.74. Approximately 265,735 shares changed hands during trading, a decline of 92% from the average daily volume of 3,468,837 shares. The stock had previously closed at $0.79.

Wall Street Analyst Weigh In

CPOP has been the topic of several analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Pop Culture Group in a report on Wednesday, October 8th. Wall Street Zen raised Pop Culture Group to a “hold” rating in a report on Saturday, September 20th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Pop Culture Group Trading Down 6.0%

The business has a 50-day simple moving average of $1.17 and a 200-day simple moving average of $0.82.

Pop Culture Group Company Profile

Pop Culture Group Co, Ltd hosts entertainment events to corporate clients in China. The company hosts concerts and hip-hop related events, including stage plays, dance competitions, cultural and musical festivals, and promotional parties, as well as creates hip-hop related online programs; and provides event planning and execution services comprising communication, planning, design, production, reception, execution, and analysis services to advertising and media service providers, industry associations, and companies in a range of industries, such as consumer goods, real estate, tourism, entertainment, technology, e-commerce, education, and sports.