K Wave Media, Ltd. (NASDAQ:KWM – Get Free Report) traded down 11% on Friday . The stock traded as low as $2.14 and last traded at $2.18. 160,414 shares were traded during mid-day trading, a decline of 20% from the average session volume of 201,620 shares. The stock had previously closed at $2.45.
Analyst Ratings Changes
Separately, Wall Street Zen cut shares of K Wave Media to a “strong sell” rating in a research note on Saturday, July 19th.
View Our Latest Stock Analysis on KWM
K Wave Media Stock Performance
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in K Wave Media stock. Jane Street Group LLC purchased a new position in K Wave Media, Ltd. (NASDAQ:KWM – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,101 shares of the company’s stock, valued at approximately $41,000. Jane Street Group LLC owned approximately 0.42% of K Wave Media as of its most recent SEC filing. Hedge funds and other institutional investors own 62.18% of the company’s stock.
About K Wave Media
K Wave Media engaged in the entertainment content and IP creation businesses. K Wave Media, formerly known as Global Star Acquisition Inc, is based in NEW YORK.
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