Code Chain New Continent Limited (NASDAQ: CCNC) stock jumped 12.07% on Friday to $0.38 against a previous-day closing price of $0.34. With 1.11 million shares changed hands, the volume of the stock remained heavier than its average volume of 99870.0 shares. During the session, the Electronic Gaming & Multimedia company that operates in wider Communication Services sector, reached to the highest price of $0.4800 whereas the lowest price it dropped to was $0.3121. The 52-week range on CCNC shows that it touched its highest point at $2.05 and its lowest point at $0.28 during that stretch. Beta for the stock currently stands at 1.05.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CCNC was up-trending over the past week, with a rise of 8.00%, but this was down by -36.59% over a month. Three-month performance dropped to -52.75% while six-month performance fell -64.00%. The stock lost -78.64% in the past year, while it has lost -64.67% so far this year.
Float and Shares Shorts:
At present, 42.90 million CCNC shares are outstanding with a float of 26.66 million shares on hand for trading. On Jul 14, 2022, short shares totaled 95430.0, which was 0.21% higher than short shares on Jun 14, 2022. In addition to Mr. Wei Xu as the firm’s Pres, CEO & Chairman, Ms. Yi Li serves as its CFO & Sec.
Institutional Ownership:
Through their ownership of 6.09% of CCNC’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 24.86% of CCNC, in contrast to 0.62% held by mutual funds. Shares owned by individuals account for 0.05%. As the largest shareholder in CCNC with 0.30% of the stake, Susquehanna Investment Group LLC holds 113,494 shares worth 113,494. A second-largest stockholder of CCNC, Citadel Advisors LLC, holds 67,321 shares, controlling over 0.18% of the firm’s shares. Virtu Financial BD LLC is the third largest shareholder in CCNC, holding 58,362 shares or 0.15% stake. With a 0.05% stake in CCNC, the Fidelity Nasdaq Composite Index F is the largest stakeholder. A total of 17,695 shares are owned by the mutual fund manager.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CCNC since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With CCNC analysts setting a high price target of – and a low target of –, the average target price over the next 12 months is –.
Summary of Insider Activity:
Insiders traded CCNC stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.
