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BingEx (NASDAQ:FLX) Shares Gap Down - Time to Sell?

BingEx logo with Transportation background
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BingEx Limited (NASDAQ:FLX - Get Free Report)'s stock price gapped down prior to trading on Monday . The stock had previously closed at $8.48, but opened at $8.00. BingEx shares last traded at $7.73, with a volume of 6,094 shares traded.

BingEx Price Performance

The business has a 50 day simple moving average of $8.47.

BingEx (NASDAQ:FLX - Get Free Report) last released its earnings results on Wednesday, March 12th. The company reported ($0.06) earnings per share for the quarter. The firm had revenue of $140.96 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in BingEx stock. Millennium Management LLC bought a new stake in shares of BingEx Limited (NASDAQ:FLX - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 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.

BingEx Company Profile

(Get Free Report)

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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