Strive (NASDAQ:ASST) Shares Gap Down – Should You Sell?

Strive, Inc. (NASDAQ:ASST) gapped down prior to trading on Thursday . The stock had previously closed at $1.29, but opened at $1.23. Strive shares last traded at $1.2550, with a volume of 24,764,248 shares changing hands.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Strive from a “hold” rating to a “sell” rating in a report on Friday, September 26th.

Strive Stock Down 6.6%

The stock has a fifty day moving average of $2.70 and a 200-day moving average of $4.31. The stock has a market capitalization of $752.76 million, a price-to-earnings ratio of -1.73 and a beta of 16.64.

Institutional Trading of Strive

Hedge funds and other institutional investors have recently made changes to their positions in the company. Gruss & Co. LLC acquired a new stake in shares of Strive in the 3rd quarter valued at about $38,000. McElhenny Sheffield Capital Management LLC acquired a new stake in shares of Strive in the second quarter valued at approximately $39,000. Ground Swell Capital LLC purchased a new position in shares of Strive during the second quarter worth approximately $40,000. Engineers Gate Manager LP acquired a new position in shares of Strive in the 2nd quarter valued at $40,000. Finally, Osaic Holdings Inc. purchased a new stake in Strive in the 2nd quarter valued at $41,000. Institutional investors and hedge funds own 5.52% of the company’s stock.

About Strive

Asset Entities Inc, a technology company, provides social media marketing and content delivery services across Discord, TikTok, and other social media platforms. It designs, develops, and manages servers for communities on Discord. The company offers discord investment education, entertainment, and marketing services.