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BingEx (NASDAQ:FLX) Trading Down 6.8% - Here's Why

BingEx logo with Transportation background

BingEx Limited (NASDAQ:FLX - Get Free Report) shares were down 6.8% during trading on Friday . The stock traded as low as $8.36 and last traded at $8.21. Approximately 398 shares were traded during mid-day trading, a decline of 97% from the average daily volume of 14,854 shares. The stock had previously closed at $8.80.

BingEx Price Performance

The firm's 50 day moving average price is $8.42.

Institutional Investors Weigh In On BingEx

An institutional investor recently bought a new position in BingEx stock. Citadel Advisors LLC acquired a new stake in BingEx Limited (NASDAQ:FLX - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 113,507 shares of the company's stock, valued at approximately $919,000. Citadel Advisors LLC owned about 0.16% of BingEx as of its most recent SEC filing.

About BingEx

(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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