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.
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.
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.