Amber International (NASDAQ:AMBR) Trading Up 9% – Here’s What Happened

Amber International Holding Limited – Sponsored ADR (NASDAQ:AMBR) traded up 9% during mid-day trading on Wednesday . The company traded as high as $2.80 and last traded at $2.79. 157,960 shares changed hands during mid-day trading, an increase of 47% from the average session volume of 107,488 shares. The stock had previously closed at $2.56.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Amber International in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Amber International Price Performance

The firm has a 50-day simple moving average of $2.26.

Hedge Funds Weigh In On Amber International

A number of large investors have recently made changes to their positions in the business. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Amber International during the third quarter worth approximately $375,000. Pantera Capital Partners LP purchased a new stake in Amber International in the 3rd quarter worth approximately $321,000. Clear Street Group Inc. acquired a new stake in shares of Amber International during the 4th quarter valued at $157,000. Citadel Advisors LLC purchased a new position in shares of Amber International during the 3rd quarter valued at $213,000. Finally, Millennium Management LLC increased its stake in shares of Amber International by 109.5% in the fourth quarter. Millennium Management LLC now owns 61,098 shares of the company’s stock worth $106,000 after acquiring an additional 31,932 shares during the last quarter.

About Amber International

iClick Interactive Asia Group Limited, together with its subsidiaries, provides online marketing services in the People’s Republic of China and internationally. It offers iAudience, an audience identification solution that allows marketers to search, identify, and customize their targeted audience to generate or enhance brand awareness; iAccess and iActivation, an audience engagement and activation solution tailored for brand awareness-driven and performance-driven campaigns; iExpress, the lite version of iAccess solution for small and medium-sized enterprises; iNsights, an online campaign results monitoring and measurement solution; and iExperience, a content creation solution.