MultiMetaVerse (NASDAQ:MMV) Shares Down 51% – Time to Sell?

MultiMetaVerse Holdings Limited (NASDAQ:MMV)’s stock price dropped 51% during mid-day trading on Friday . The company traded as low as $0.48 and last traded at $0.48. Approximately 1,515,948 shares changed hands during trading, an increase of 225% from the average daily volume of 466,679 shares. The stock had previously closed at $0.98.

MultiMetaVerse Trading Down 51.0 %

The firm has a fifty day simple moving average of $0.60 and a 200-day simple moving average of $0.55.

Institutional Trading of MultiMetaVerse

An institutional investor recently bought a new position in MultiMetaVerse stock. Renaissance Technologies LLC bought a new stake in MultiMetaVerse Holdings Limited (NASDAQ:MMV) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 42,100 shares of the company’s stock, valued at approximately $25,000. Renaissance Technologies LLC owned 0.13% of MultiMetaVerse at the end of the most recent reporting period.

MultiMetaVerse Company Profile

MultiMetaVerse Holdings Limited operates as an animation and entertainment company in the People’s Republic of China. The company offers a product portfolio, including animated content, comic books, short videos, collectibles, stationery, consumer products, and mobile games under the Aotu World brand, as well as action figures, stuffed dolls, apparel, costumes, trading cards, and other collectible functional items.