GCL Global (NASDAQ:GCL) Stock Rating Lowered by Wall Street Zen

GCL Global (NASDAQ:GCL - Get Free Report) was downgraded by investment analysts at Wall Street Zen to a "strong sell" rating in a report released on Saturday.

GCL Global Stock Down 2.8%

Shares of GCL Global stock traded down $0.10 on Friday, hitting $3.46. The company's stock had a trading volume of 57,802 shares, compared to its average volume of 99,096. GCL Global has a 52-week low of $1.76 and a 52-week high of $9.89. The business has a fifty day moving average of $2.66.

Institutional Trading of GCL Global

A hedge fund recently bought a new stake in GCL Global stock. ATW Spac Management LLC bought a new stake in shares of GCL Global Holdings Ltd. (NASDAQ:GCL - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 40,000 shares of the company's stock, valued at approximately $78,000. GCL Global comprises about 0.1% of ATW Spac Management LLC's holdings, making the stock its 25th biggest position. Hedge funds and other institutional investors own 36.55% of the company's stock.

About GCL Global

GCL Global Holdings Ltd. unites people through immersive games and entertainment experiences, enabling creators to deliver engaging content and fun gameplay experiences to gaming communities worldwide with a strategic focus on the rapidly expanding Asian gaming market. Drawing on a deep understanding of gaming trends and market dynamics, GCL Group leverages its diverse portfolio of digital and physical content to bridge cultures and audiences by introducing Asian-developed IP to a global audience across consoles, PCs, and streaming platforms.