Epsium Enterprise (NASDAQ:EPSM) Shares Gap Down - What's Next?

Key Points

• Epsium Enterprise Limited (NASDAQ:EPSM) experienced a significant drop in share price, gapping down from a previous close of $138.00 to an opening of $51.15.
• As of its latest trading, Epsium shares were at $65.00, with a trading volume of 66,866 shares.
• A hedge fund, Murchinson Ltd., acquired a new stake in Epsium during the first quarter, purchasing 10,000 shares valued at approximately $53,000.

Epsium Enterprise Limited (NASDAQ:EPSM - Get Free Report)'s share price gapped down prior to trading on Wednesday . The stock had previously closed at $138.00, but opened at $51.15. Epsium Enterprise shares last traded at $65.00, with a volume of 66,866 shares traded.

Epsium Enterprise Stock Performance

The company has a 50-day simple moving average of $23.94.

Institutional Investors Weigh In On Epsium Enterprise

A hedge fund recently bought a new stake in Epsium Enterprise stock. Murchinson Ltd. acquired a new position in Epsium Enterprise Limited (NASDAQ:EPSM - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,000 shares of the company's stock, valued at approximately $53,000. Murchinson Ltd. owned approximately 0.08% of Epsium Enterprise as of its most recent SEC filing.

About Epsium Enterprise

We are a holding company incorporated under the laws of British Virgin Islands. As a holding company with no material operation of its own, we conduct substantially all our operations through an indirect Macau subsidiary, Companhia de Comercio Luz Limitada in Macau, or Luz. Luz is an 80%-owned subsidiary of Epsium Enterprise Limited in Hong Kong, or Epsium HK.