Code Chain New Continent (NASDAQ:CCNC) Trading Down 6.8%

Shares of Code Chain New Continent Limited (NASDAQ:CCNC) fell 6.8% on Thursday . The stock traded as low as $0.95 and last traded at $1.09. 2,131,365 shares were traded during trading, an increase of 11,371% from the average session volume of 18,580 shares. The stock had previously closed at $1.17.

Code Chain New Continent Trading Down 6.8 %

The company has a 50 day moving average of $1.92 and a two-hundred day moving average of $2.56.

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 grew its position in shares of Code Chain New Continent Limited (NASDAQ:CCNC) by 468.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 329,866 shares of the company’s stock after buying an additional 271,832 shares during the quarter. Citadel Advisors LLC owned approximately 21.42% of Code Chain New Continent worth $52,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 34.75% of the company’s stock.

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.