Code Chain New Continent (NASDAQ:CCNC) Trading Up 7.8%

Code Chain New Continent Limited (NASDAQ:CCNC)’s stock price was up 7.8% during trading on Thursday . The stock traded as high as $0.76 and last traded at $0.75. Approximately 177,393 shares were traded during trading, an increase of 855% from the average daily volume of 18,580 shares. The stock had previously closed at $0.69.

Code Chain New Continent Stock Performance

The firm’s 50 day moving average is $1.54 and its 200 day moving average is $2.28.

Institutional Investors Weigh In On Code Chain New Continent

An institutional investor recently raised its position in Code Chain New Continent stock. Citadel Advisors LLC lifted its holdings in Code Chain New Continent Limited (NASDAQ:CCNC) by 468.4% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 329,866 shares of the company’s stock after acquiring an additional 271,832 shares during the quarter. Citadel Advisors LLC owned 21.42% of Code Chain New Continent worth $52,000 at the end of the most recent quarter. 34.75% of the stock is currently owned by institutional investors and hedge funds.

Code Chain New Continent Company Profile

Code Chain New Continent Limited, through its subsidiaries, focuses on research, development, and application of Internet of Things (IoT) and electronic token digital door signs. It creates digital door signs which is the digitalization of a physical store by means of animation and other technical services; and offers electronic tokens, that are used for purchasing virtual real estate properties.