Wellchange (NASDAQ:WCT) Stock Price Down 23% – Time to Sell?

Wellchange Holdings Company Limited (NASDAQ:WCTGet Free Report) shares traded down 23% during mid-day trading on Tuesday . The company traded as low as $0.33 and last traded at $0.40. 4,672,876 shares changed hands during trading, an increase of 45% from the average session volume of 3,213,135 shares. The stock had previously closed at $0.51.

Wellchange Trading Down 23.0 %

The stock has a 50-day simple moving average of $1.96.

Institutional Investors Weigh In On Wellchange

A hedge fund recently bought a new stake in Wellchange stock. Renaissance Technologies LLC purchased a new stake in Wellchange Holdings Company Limited (NASDAQ:WCTFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 42,400 shares of the company’s stock, valued at approximately $41,000. Renaissance Technologies LLC owned approximately 0.20% of Wellchange as of its most recent SEC filing.

About Wellchange

(Get Free Report)

Wellchange Holdings Company Limited, through its subsidiaries, operates as an enterprise software solution services provider in Hong Kong. The company provides tailor-made software solutions, cloud-based software-as-a-service (SaaS) solutions, and white-labelled software design and development services.

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