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Diginex (NASDAQ:DGNX) Shares Down 9% - Here's Why

Diginex logo with Business Services background

Key Points

  • Diginex Limited's shares dropped 9% in mid-day trading, closing at $50.00 after a decline from a previous close of $54.94.
  • The trading volume fell to 15,886 shares, a significant decrease of 91% from the average daily volume of 181,919 shares.
  • An institutional investor, Geode Capital Management LLC, raised its stake in Diginex by 10% during the second quarter, indicating institutional interest despite the stock decline.
  • MarketBeat previews the top five stocks to own by October 1st.

Diginex Limited (NASDAQ:DGNX - Get Free Report) fell 9% on Friday . The stock traded as low as $50.00 and last traded at $50.00. 15,886 shares traded hands during mid-day trading, a decline of 91% from the average session volume of 181,919 shares. The stock had previously closed at $54.94.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Diginex to a "hold" rating in a research report on Saturday, June 14th.

Check Out Our Latest Research Report on DGNX

Diginex Stock Performance

The firm's 50-day moving average is $52.55 and its 200-day moving average is $66.65.

Shares of Diginex are scheduled to split before the market opens on Monday, September 8th. The 7-1 split was announced on Monday, August 18th. The newly issued shares will be issued to shareholders after the market closes on Friday, September 5th.

Institutional Trading of Diginex

An institutional investor recently raised its position in Diginex stock. Geode Capital Management LLC boosted its holdings in shares of Diginex Limited (NASDAQ:DGNX - Free Report) by 10.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,315 shares of the company's stock after acquiring an additional 1,748 shares during the period. Geode Capital Management LLC owned 0.08% of Diginex worth $994,000 at the end of the most recent reporting period.

About Diginex

(Get Free Report)

DSL is the wholly owned subsidiary of Diginex Limited. Accordingly, Diginex Limited owns 100% of DSL and all of DSL's business lines and subsidiaries. DSL is an impact technology business that helps organizations to address the some of the most pressing Environmental, Social and Governance (“ESG”), climate and sustainability issues, utilizing blockchain, machine learning and data analysis technology to lead change and increase transparency in corporate social responsibility and climate action.

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