SharpLink Gaming (NASDAQ:SBET) Stock Price Down 10.6% – Should You Sell?

SharpLink Gaming, Inc. (NASDAQ:SBET)’s stock price fell 10.6% during trading on Friday . The company traded as low as $0.43 and last traded at $0.49. 2,416,502 shares traded hands during trading, a decline of 8% from the average session volume of 2,617,626 shares. The stock had previously closed at $0.55.

SharpLink Gaming Stock Performance

The stock’s 50-day moving average is $0.61 and its 200 day moving average is $0.67.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in SharpLink Gaming stock. Tallon Kerry Patrick purchased a new position in shares of SharpLink Gaming, Inc. (NASDAQ:SBET) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 42,663 shares of the company’s stock, valued at approximately $29,000. Tallon Kerry Patrick owned about 1.19% of SharpLink Gaming as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 13.75% of the company’s stock.

About SharpLink Gaming

SharpLink Gaming, Inc operates as an online technology company that connects sports fans, leagues, and sports websites to sports betting and iGaming content. The company operates through four segments: Affiliate Marketing Services United States, Affiliate Marketing Services International, Sports Gaming Client Services, and SportsHub Games Network.