MultiMetaVerse (NASDAQ:MMV) Trading Down 51% – Should You Sell?

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

MultiMetaVerse Stock Down 51.0 %

The firm’s 50-day moving average price is $0.60 and its 200-day moving average price is $0.55.

Institutional Investors Weigh In On MultiMetaVerse

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

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.