NextPlay Technologies (NASDAQ:NXTP) Trading 700% Higher

Shares of NextPlay Technologies, Inc. (NASDAQ:NXTP) shot up 700% on Wednesday . The company traded as high as $0.60 and last traded at $0.40. 15,483 shares changed hands during trading, a decline of 79% from the average session volume of 74,654 shares. The stock had previously closed at $0.05.

NextPlay Technologies Stock Performance

The business has a 50-day moving average price of $0.86 and a two-hundred day moving average price of $1.01.

Institutional Investors Weigh In On NextPlay Technologies

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of NextPlay Technologies by 39.8% during the fourth quarter. Vanguard Group Inc. now owns 39,607 shares of the company’s stock worth $91,000 after purchasing an additional 11,278 shares during the period. BlackRock Inc. grew its stake in shares of NextPlay Technologies by 9.8% during the first quarter. BlackRock Inc. now owns 912,274 shares of the company’s stock worth $501,000 after purchasing an additional 81,227 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of NextPlay Technologies during the first quarter worth $64,000. Virtu Financial LLC grew its stake in shares of NextPlay Technologies by 757.0% during the second quarter. Virtu Financial LLC now owns 133,887 shares of the company’s stock worth $47,000 after purchasing an additional 118,264 shares during the period. Finally, Millennium Management LLC acquired a new stake in shares of NextPlay Technologies during the second quarter worth $60,000. 3.04% of the stock is owned by institutional investors and hedge funds.

About NextPlay Technologies

NextPlay Technologies, Inc, a technology solutions company, provides games, in-game advertising, digital asset products and services, connected TV, and travel booking services to consumers and corporations in the United States, Puerto Rico, Europe, and Thailand. The company operates through three segments: Media, FinTech, and Travel.