Diginex (NASDAQ:DGNX) Trading 8.8% Higher - Here's Why

Key Points

• Diginex Limited's share price increased by 8.8% during mid-day trading, reaching $48.00, although trading volume dropped significantly to approximately 3,010 shares.
• The company received a recent upgrade to a "hold" rating by analysts at Wall Street Zen, indicating cautious optimism about the stock's performance.
• Geode Capital Management LLC raised its stake in Diginex by 10%, owning about 0.08% of the company worth $994,000 as of the latest filing with the SEC.

Diginex Limited (NASDAQ:DGNX - Get Free Report)'s share price was up 8.8% during mid-day trading on Monday . The stock traded as high as $48.00 and last traded at $48.00. Approximately 3,010 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 186,282 shares. The stock had previously closed at $44.10.

Wall Street Analyst Weigh In

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

Diginex Stock Up 4.3%

The business's 50 day moving average is $52.41 and its 200-day moving average is $65.09.

Institutional Trading of Diginex

A hedge fund recently raised its stake in Diginex stock. Geode Capital Management LLC boosted its position in Diginex Limited (NASDAQ:DGNX - Free Report) by 10.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 19,315 shares of the company's stock after purchasing an additional 1,748 shares during the quarter. Geode Capital Management LLC owned about 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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