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

GCL Global (NASDAQ:GCL - Get Free Report) was downgraded by Wall Street Zen to a "strong sell" rating in a note issued to investors on Saturday.

GCL Global Stock Performance

GCL traded up $0.04 during trading hours on Friday, reaching $3.54. The company's stock had a trading volume of 11,297 shares, compared to its average volume of 942,028. The business has a 50-day moving average of $2.68. GCL Global has a fifty-two week low of $1.76 and a fifty-two week high of $9.89.

Institutional Investors Weigh In On GCL Global

A hedge fund recently bought a new stake in GCL Global stock. ATW Spac Management LLC bought a new position in GCL Global Holdings Ltd. (NASDAQ:GCL - Free Report) in the 1st 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 makes up 0.1% of ATW Spac Management LLC's portfolio, making the stock its 25th biggest holding. 36.55% of the stock is currently owned by institutional investors.

GCL Global Company Profile

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.