Luokung Technology Corp. (NASDAQ:LKCO – Get Rating) shares rose 3.5% on Thursday . The stock traded as high as $0.26 and last traded at $0.25. Approximately 6,880,566 shares traded hands during trading, an increase of 234% from the average daily volume of 2,061,685 shares. The stock had previously closed at $0.24.
Luokung Technology Trading Down 5.0 %
The company has a 50-day moving average price of $0.38 and a two-hundred day moving average price of $0.49.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Luokung Technology stock. State Street Corp increased its stake in Luokung Technology Corp. (NASDAQ:LKCO – Get Rating) by 46.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 860,070 shares of the company’s stock after purchasing an additional 272,376 shares during the period. State Street Corp owned approximately 0.24% of Luokung Technology worth $442,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 2.06% of the company’s stock.
Luokung Technology Company Profile
Luokung Technology Corp., together with its subsidiaries, provides location-based services and mobile application products for long distance rail travelers in the People's Republic of China. It offers Luokuang mobile application, which provides business to customer (B2C) location-based services; and SuperEngine that offers business to business (B2B) and business to government (B2G) services in connection with spatial-temporal big data processing.
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