Central Securities (NYSE:CET) Sees Unusually-High Trading Volume - Here's What Happened

Key Points

• Central Securities Co. (NYSE:CET) experienced unusually-high trading volume on Friday, with approximately 25,319 shares changing hands, marking a 1% increase from the previous day.
• The stock closed at $51.45, slightly higher than its previous close of $51.33, with significant institutional investment activity noted in recent quarters.
• Institutional investors now hold 8.68% of Central Securities, with notable increases in positions, including a 763.5% increase by Farther Finance Advisors LLC.

Shares of Central Securities Co. (NYSE:CET - ) saw unusually-high trading volume on Friday . Approximately 25,319 shares changed hands during trading, an increase of 1% from the previous session's volume of 24,983 shares.The stock last traded at $51.45 and had previously closed at $51.33.

Central Securities Stock Performance

The firm has a 50-day moving average price of $49.95 and a two-hundred day moving average price of $47.26.

Institutional Trading of Central Securities

Institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC increased its holdings in Central Securities by 763.5% in the 1st quarter. Farther Finance Advisors LLC now owns 639 shares of the company's stock worth $29,000 after buying an additional 565 shares during the period. NBC Securities Inc. purchased a new stake in shares of Central Securities in the first quarter valued at approximately $42,000. Ameritas Advisory Services LLC acquired a new stake in shares of Central Securities in the second quarter valued at about $63,000. Bank of America Corp DE acquired a new position in shares of Central Securities during the second quarter valued at approximately $64,000. Finally, Johnson Investment Counsel Inc. purchased a new position in Central Securities in the 2nd quarter valued at $201,000. Institutional investors and hedge funds own 8.68% of the company's stock.

About Central Securities

Central Securities Corp. is a publicly owned investment manager. The firm invests in the public equity markets of the United States. It also invests on bonds, convertible bonds, preferred stocks, convertible preferred stocks, warrants, options real estate, or short-term obligations of governments, banks and corporations.

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