Universal Music Group (OTCMKTS:UNVGY) Shares Up 0.8% – Should You Buy?

Universal Music Group (OTCMKTS:UNVGY)’s stock price traded up 0.8% on Wednesday . The company traded as high as $13.09 and last traded at $12.95. 237,598 shares were traded during mid-day trading, a decline of 24% from the average session volume of 310,771 shares. The stock had previously closed at $12.8435.

Universal Music Group Trading Up 0.8%

The business’s fifty day moving average is $12.96 and its 200-day moving average is $14.16.

About Universal Music Group

Universal Music Group (OTCMKTS: UNVGY) is a leading global music company that operates across the recorded music, music publishing, and merchandising sectors. The company signs, develops, and manages artists and songwriters, producing and distributing sound recordings and music videos. It holds a diverse catalogue spanning all major genres, representing both established superstars and emerging talent through renowned labels such as Interscope Geffen A&M, Capitol Music Group, Def Jam Recordings and Decca Records.

In its recorded music division, Universal Music Group collaborates with artists to create and market new releases, overseeing physical and digital distribution, licensing, and promotional activities.