VCI Global (NASDAQ:VCIG) Stock Price Down 7.4% – Should You Sell?

VCI Global Limited (NASDAQ:VCIG) fell 7.4% during mid-day trading on Monday . The stock traded as low as $0.65 and last traded at $0.68. 1,625,678 shares changed hands during trading, a decline of 39% from the average session volume of 2,674,724 shares. The stock had previously closed at $0.74.

VCI Global Trading Down 7.4 %

The company has a 50 day simple moving average of $1.16 and a 200-day simple moving average of $3.31.

Institutional Trading of VCI Global

A hedge fund recently bought a new stake in VCI Global stock. Millennium Management LLC purchased a new position in VCI Global Limited (NASDAQ:VCIG) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 14,144 shares of the company’s stock, valued at approximately $25,000. Millennium Management LLC owned about 0.11% of VCI Global at the end of the most recent quarter. Institutional investors and hedge funds own 0.20% of the company’s stock.

About VCI Global

VCI Global Limited, together with its subsidiaries, provides business and technology consulting services in Malaysia. The company offers business strategy consultancy services, including listing solutions, investors relations, and boardroom strategies consultancy. It also provides technology consultancy services and solutions, such as digital development, fintech solution, and software solutions.