Fangdd Network Group (NASDAQ:DUO) Trading 321.3% Higher

Fangdd Network Group Ltd. (NASDAQ:DUO)’s stock price traded up 321.3% during trading on Friday . The company traded as high as $2.10 and last traded at $1.68. 104,433,189 shares changed hands during mid-day trading, an increase of 4,626% from the average session volume of 2,209,619 shares. The stock had previously closed at $0.40.

Fangdd Network Group Price Performance

The company has a 50-day moving average of $0.47 and a 200 day moving average of $0.61.

Institutional Investors Weigh In On Fangdd Network Group

An institutional investor recently bought a new position in Fangdd Network Group stock. Sabby Management LLC purchased a new position in Fangdd Network Group Ltd. (NASDAQ:DUO) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 621,757 shares of the company’s stock, valued at approximately $479,000. Fangdd Network Group accounts for about 0.4% of Sabby Management LLC’s holdings, making the stock its 10th largest holding. Sabby Management LLC owned 13.52% of Fangdd Network Group as of its most recent SEC filing.

Fangdd Network Group Company Profile

Fangdd Network Group Ltd., an investment holding company, provides real estate information services through online platforms in the People's Republic of China. It operates Property Cloud, a software as a service solution for real estate sellers. The company also operates platforms for real estate agents, including Duoduo Sales, which offers real estate agents with instant access to marketplace functionalities and allows them to conduct transactions on the go; Duoduo Cloud Sales, which connects agents to property database and buyer base, allowing them to source, manage, and complete transactions online; and provides supply-chain financial products and support transactions, as well as online and offline, and project-specific training and guidance services.