K Wave Media, Ltd. (NASDAQ:KWM – Get Free Report)’s stock price dropped 1.1% during trading on Friday . The company traded as low as $0.60 and last traded at $0.62. Approximately 140,403 shares changed hands during trading, a decline of 16% from the average daily volume of 166,670 shares. The stock had previously closed at $0.6272.
K Wave Media Price Performance
The stock’s 50 day simple moving average is $0.69 and its two-hundred day simple moving average is $1.29.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of KWM. Vontobel Holding Ltd. bought a new position in K Wave Media in the 3rd quarter valued at $40,000. Jane Street Group LLC bought a new stake in shares of K Wave Media during the second quarter worth $41,000. Finally, Galaxy Group Investments LLC acquired a new position in shares of K Wave Media during the fourth quarter valued at $164,000. Institutional investors and hedge funds own 62.18% of the company’s stock.
About K Wave Media
K Wave Media engaged in the entertainment content and IP creation businesses. K Wave Media, formerly known as Global Star Acquisition Inc, is based in NEW YORK.
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