Veea Inc. (NASDAQ:VEEA - Get Free Report) traded down 4.4% during trading on Monday . The stock traded as low as $2.80 and last traded at $2.83. 19,064 shares were traded during trading, a decline of 34% from the average session volume of 28,779 shares. The stock had previously closed at $2.96.
Veea Price Performance
The business has a 50 day moving average of $3.36.
Institutional Investors Weigh In On Veea
Several large investors have recently added to or reduced their stakes in the business. Polar Asset Management Partners Inc. bought a new position in Veea in the third quarter worth approximately $11,106,000. Geode Capital Management LLC bought a new position in Veea in the fourth quarter worth approximately $638,000. Northern Trust Corp bought a new position in Veea in the fourth quarter worth approximately $120,000. Finally, Virtu Financial LLC bought a new position in Veea in the third quarter worth approximately $100,000. Institutional investors and hedge funds own 25.88% of the company's stock.
Veea Company Profile
(
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Veea Inc provides computing, multiaccess multiprotocol communications, edge storage, and cybersecurity solutions. The company offers multiaccess edge computing (MEC) platform that redefines connectivity and computing at the edge by integrating functions of servers, network attached storage (NAS), routers, firewalls, Wi-Fi Access Points, IoT gateways, and 4G and 5G connections; and Veea Edge Platform enables direct connections from the optical fiber, cellular, and satellite networks.
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