Codere Online Luxembourg (NASDAQ:CDRO) Trading Down 1.3% – Should You Sell?

Shares of Codere Online Luxembourg, S.A. (NASDAQ:CDRO) were down 1.3% during mid-day trading on Wednesday . The company traded as low as $7.25 and last traded at $7.44. Approximately 41,717 shares were traded during trading, a decline of 0% from the average daily volume of 41,803 shares. The stock had previously closed at $7.54.

Analyst Upgrades and Downgrades

Separately, Craig Hallum started coverage on Codere Online Luxembourg in a research report on Thursday, July 11th. They set a “buy” rating and a $10.00 price objective on the stock.

Codere Online Luxembourg Stock Down 1.3 %

The firm has a fifty day moving average price of $8.05 and a two-hundred day moving average price of $7.75.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Codere Online Luxembourg stock. Renaissance Technologies LLC increased its position in Codere Online Luxembourg, S.A. (NASDAQ:CDRO) by 98.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 79,801 shares of the company’s stock after purchasing an additional 39,601 shares during the quarter. Renaissance Technologies LLC owned approximately 0.18% of Codere Online Luxembourg worth $650,000 as of its most recent SEC filing. Institutional investors own 10.30% of the company’s stock.

Codere Online Luxembourg Company Profile

Codere Online Luxembourg, SA operates as an online casino gaming and sports betting company. It also offers online casino wagering products and services, as well as online gambling and other online services. The company offers its products under the Codere and Greenplay brand names. It primarily operates in Spain, Italy, Mexico, Colombia, the United Kingdom, Germany, South Africa, Austria, Malta, Panama, and Argentina.