Diginex (NASDAQ:DGNX) Shares Gap Up - What's Next?

Key Points

• Diginex Limited (NASDAQ:DGNX) experienced a jump in stock price, opening at $63.00 after previously closing at $60.25.
• Wall Street Zen upgraded Diginex to a "hold" rating recently, indicating a cautious sentiment towards the stock.
• An institutional investor, Geode Capital Management, increased its stake by 10% in the second quarter, acquiring an additional 1,748 shares.

Shares of Diginex Limited (NASDAQ:DGNX - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $60.25, but opened at $63.00. Diginex shares last traded at $59.70, with a volume of 2,264 shares.

Analyst Ratings Changes

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

Diginex Stock Performance

The company's 50 day moving average price is $7.93 and its two-hundred day moving average price is $9.75.

Institutional Investors Weigh In On Diginex

An institutional investor recently bought a new position in Diginex stock. Y Intercept Hong Kong Ltd purchased a new stake in Diginex Limited (NASDAQ:DGNX - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 6,447 shares of the company's stock, valued at approximately $572,000.

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.