Wellchange (NASDAQ:WCT) Stock Price Down 23% – Here’s Why

Wellchange Holdings Company Limited (NASDAQ:WCTGet Free Report)’s stock price was down 23% on Tuesday . The company traded as low as $0.33 and last traded at $0.40. Approximately 4,672,876 shares were traded during mid-day trading, an increase of 45% from the average daily volume of 3,213,135 shares. The stock had previously closed at $0.51.

Wellchange Stock Down 0.0 %

The firm’s 50-day simple moving average is $1.94.

Institutional Investors Weigh In On Wellchange

A hedge fund recently bought a new stake in Wellchange stock. Renaissance Technologies LLC acquired a new position in Wellchange Holdings Company Limited (NASDAQ:WCTFree Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 42,400 shares of the company’s stock, valued at approximately $41,000. Renaissance Technologies LLC owned approximately 0.20% of Wellchange at the end of the most recent quarter.

About Wellchange

(Get Free Report)

Wellchange Holdings Company Limited, through its subsidiaries, operates as an enterprise software solution services provider in Hong Kong. The company provides tailor-made software solutions, cloud-based software-as-a-service (SaaS) solutions, and white-labelled software design and development services.

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