K Wave Media (NASDAQ:KWM) Trading 2.9% Higher – What’s Next?

K Wave Media, Ltd. (NASDAQ:KWMGet Free Report)’s share price was up 2.9% on Friday . The stock traded as high as $0.45 and last traded at $0.4312. Approximately 448,509 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 2,533,561 shares. The stock had previously closed at $0.4190.

K Wave Media Price Performance

The company’s 50-day moving average price is $1.37.

Hedge Funds Weigh In On K Wave Media

An institutional investor recently bought a new position in K Wave Media stock. Jane Street Group LLC bought a new stake in K Wave Media, Ltd. (NASDAQ:KWMFree Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 12,101 shares of the company’s stock, valued at approximately $41,000. Jane Street Group LLC owned 0.42% of K Wave Media at the end of the most recent reporting period. 62.18% of the stock is currently owned by hedge funds and other institutional investors.

K Wave Media Company Profile

(Get Free Report)

K Wave Media engaged in the entertainment content and IP creation businesses. K Wave Media, formerly known as Global Star Acquisition Inc, is based in NEW YORK.

Featured Articles

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