BingEx Limited (NASDAQ:FLX - Get Free Report)'s stock price was down 5.2% during mid-day trading on Thursday . The stock traded as low as $8.45 and last traded at $8.49. Approximately 6,414 shares changed hands during trading, a decline of 87% from the average daily volume of 47,907 shares. The stock had previously closed at $8.96.
BingEx Stock Performance
The firm has a 50 day simple moving average of $8.50.
Hedge Funds Weigh In On BingEx
A hedge fund recently bought a new stake in BingEx stock. Millennium Management LLC purchased a new position in BingEx Limited (NASDAQ:FLX - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 41,405 shares of the company's stock, valued at approximately $335,000. Millennium Management LLC owned about 0.06% of BingEx at the end of the most recent quarter.
About BingEx
(
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BingEx Limited, through its subsidiaries, provides on-demand courier services under the FlashEx brand name in the People's Republic of China. The company offers Flash-Riders as service providers. It serves individual and business customers, including local retailers, restaurants, and logistics players through its mobile platform and website.
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