Exodus Movement (NYSEAMERICAN:EXOD) Trading 12.5% Higher - Here's Why

Exodus Movement, Inc. (NYSEAMERICAN:EXOD - Get Free Report)'s stock price was up 12.5% on Wednesday . The company traded as high as $44.27 and last traded at $44.09. Approximately 64,133 shares were traded during mid-day trading, a decline of 17% from the average daily volume of 77,549 shares. The stock had previously closed at $39.19.

Analysts Set New Price Targets

Several brokerages recently commented on EXOD. BTIG Research assumed coverage on shares of Exodus Movement in a research report on Wednesday, March 12th. They issued a "buy" rating and a $40.00 price objective for the company. HC Wainwright reissued a "buy" rating and set a $50.00 target price on shares of Exodus Movement in a research note on Wednesday, February 5th. Benchmark raised their price target on shares of Exodus Movement from $38.00 to $58.00 and gave the company a "buy" rating in a research note on Wednesday, April 2nd. Finally, Compass Point began coverage on shares of Exodus Movement in a research note on Wednesday, February 12th. They issued a "buy" rating and a $70.00 price target on the stock.

Exodus Movement Trading Down 2.9 %

The stock has a fifty day simple moving average of $41.67 and a 200-day simple moving average of $34.27.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Exodus Movement stock. Cannon Global Investment Management LLC purchased a new stake in shares of Exodus Movement, Inc. (NYSEAMERICAN:EXOD - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,400 shares of the company's stock, valued at approximately $201,000. Cannon Global Investment Management LLC owned approximately 0.07% of Exodus Movement as of its most recent SEC filing.

Exodus Movement Company Profile

Exodus Movement, Inc develops blockchain asset investors platform to secure, exchange and manage wealth inside one application. The company was founded by Daniel Castagnoli and Jon Paul Richardson in 2015 and is headquartered in Omaha, NE.