Diginex (NASDAQ:DGNX) Shares Gap Up - Here's What Happened

Key Points

• Diginex Limited's shares saw a significant price movement, opening at $17.67 after a previous close of $14.80, but last traded at $15.26 with a volume of 342,662 shares.
• Weiss Ratings has maintained a "sell" rating on Diginex, contributing to an average rating of "Sell" from research analysts.
• Geode Capital Management LLC increased its stake in Diginex by 10% during the second quarter, now holding 19,315 shares valued at approximately $994,000.

Shares of Diginex Limited (NASDAQ:DGNX - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $14.80, but opened at $17.67. Diginex shares last traded at $15.26, with a volume of 342,662 shares.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a "sell (e+)" rating on shares of Diginex in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Diginex has an average rating of "Sell".

Diginex Price Performance

The firm has a 50-day moving average of $12.96 and a 200 day moving average of $11.03.

Institutional Trading of Diginex

A hedge fund recently raised its stake in Diginex stock. Geode Capital Management LLC increased its holdings in shares of Diginex Limited (NASDAQ:DGNX - Free Report) by 10.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,315 shares of the company's stock after buying an additional 1,748 shares during the quarter. Geode Capital Management LLC owned 0.08% of Diginex worth $994,000 as of its most recent filing with the Securities and Exchange Commission.

About Diginex

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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