Nukkleus (NASDAQ:NUKK) Trading Up 327.5% – Still a Buy?

Nukkleus Inc. (NASDAQ:NUKK) shot up 327.5% during trading on Wednesday . The stock traded as high as $67.77 and last traded at $50.79. 52,689,758 shares traded hands during trading, an increase of 4,449% from the average session volume of 1,158,226 shares. The stock had previously closed at $11.88.

Nukkleus Stock Down 23.2 %

The company’s 50 day moving average price is $4.98 and its two-hundred day moving average price is $3.74.

Insiders Place Their Bets

In related news, CEO Anastasiia Kotaieva purchased 319,952 shares of the business’s stock in a transaction on Friday, November 8th. The stock was acquired at an average price of $2.41 per share, with a total value of $771,084.32. Following the completion of the acquisition, the chief executive officer now owns 319,952 shares of the company’s stock, valued at approximately $771,084.32. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 14.90% of the company’s stock.

About Nukkleus

Nukkleus Inc, a financial technology company, provides blockchain-enabled technology solutions worldwide. It focuses on providing software and technology solutions for retail foreign exchange trading industry. The company provides transactions platform for dealing and risk management services. It also offers cross-border payment and transactions solutions and blockchain-enabled financial services solutions to institutional investors.