Strive (NASDAQ:ASST) Trading Down 6.9% – Here’s Why

Strive, Inc. (NASDAQ:ASST) dropped 6.9% during trading on Monday . The stock traded as low as $1.01 and last traded at $1.0050. Approximately 53,863,798 shares changed hands during trading, an increase of 84% from the average daily volume of 29,260,186 shares. The stock had previously closed at $1.08.

Analyst Upgrades and Downgrades

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

Strive Price Performance

The firm has a 50 day simple moving average of $2.54 and a 200-day simple moving average of $4.35. The company has a market cap of $649.69 million, a price-to-earnings ratio of -1.46 and a beta of 16.64.

Institutional Trading of Strive

Institutional investors and hedge funds have recently bought and sold shares of the stock. Two Sigma Investments LP acquired a new position in Strive in the third quarter valued at about $27,000. Gruss & Co. LLC acquired a new stake in shares of Strive during the third quarter valued at about $38,000. McElhenny Sheffield Capital Management LLC purchased a new stake in shares of Strive in the 2nd quarter valued at approximately $39,000. Ground Swell Capital LLC acquired a new position in shares of Strive in the 2nd quarter worth approximately $40,000. Finally, Engineers Gate Manager LP acquired a new position in shares of Strive in the 2nd quarter worth approximately $40,000. 5.52% of the stock is currently owned by hedge funds and other institutional investors.

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.