Anghami (NASDAQ:ANGH) Trading Down 2.3% – Here’s Why

Anghami Inc. (NASDAQ:ANGHGet Free Report)’s stock price traded down 2.3% on Friday . The company traded as low as $0.68 and last traded at $0.69. 7,349 shares traded hands during trading, a decline of 79% from the average session volume of 34,819 shares. The stock had previously closed at $0.70.

Anghami Trading Down 2.3 %

The business’s 50-day simple moving average is $0.74 and its two-hundred day simple moving average is $0.79.

Institutional Trading of Anghami

An institutional investor recently raised its position in Anghami stock. Geode Capital Management LLC raised its position in shares of Anghami Inc. (NASDAQ:ANGHFree Report) by 70.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 36,499 shares of the company’s stock after purchasing an additional 15,145 shares during the quarter. Geode Capital Management LLC owned approximately 0.12% of Anghami worth $29,000 at the end of the most recent quarter.

Anghami Company Profile

(Get Free Report)

Anghami Inc operates a digital music entertainment technology platform in the Middle East and North Africa. It offers digital entertainment and online streaming services, including music, podcasts, music videos, and live events; and a music application and platform that provides Arabic and international music to stream and download.

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