Magic Empire Global (NASDAQ:MEGL) Stock Price Up 1.4% – Here’s What Happened

Magic Empire Global Limited (NASDAQ:MEGL)’s share price rose 1.4% during trading on Thursday . The stock traded as high as $1.60 and last traded at $1.48. Approximately 87,683 shares were traded during trading, a decline of 84% from the average daily volume of 544,510 shares. The stock had previously closed at $1.46.

Magic Empire Global Trading Up 1.4 %

The firm has a 50-day moving average of $1.93 and a 200 day moving average of $2.02.

Institutional Investors Weigh In On Magic Empire Global

An institutional investor recently raised its position in Magic Empire Global stock. Renaissance Technologies LLC grew its holdings in Magic Empire Global Limited (NASDAQ:MEGL) by 139.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 57,828 shares of the company’s stock after acquiring an additional 33,628 shares during the period. Renaissance Technologies LLC owned 0.29% of Magic Empire Global worth $31,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 0.51% of the company’s stock.

Magic Empire Global Company Profile

Magic Empire Global Limited engages in the provision of corporate finance advisory services and underwriting services in Hong Kong. The company provides initial public offering sponsorship, financial and independent financial advisory, post-listing compliance advisory, and underwriting services by acting as global coordinator, bookrunner, lead manager, or underwriter.