GCL Global (NASDAQ:GCL) Trading Down 1.7% - What's Next?

GCL Global Holdings Ltd. (NASDAQ:GCL - Get Free Report) was down 1.7% on Thursday . The company traded as low as $3.31 and last traded at $3.40. Approximately 70,481 shares were traded during trading, a decline of 31% from the average daily volume of 102,534 shares. The stock had previously closed at $3.46.

GCL Global Price Performance

The stock's 50 day moving average is $2.58.

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 Securities and Exchange Commission. The firm bought 40,000 shares of the company's stock, valued at approximately $78,000. GCL Global makes up about 0.1% of ATW Spac Management LLC's portfolio, making the stock its 25th biggest position. 36.55% of the stock is owned by institutional investors.

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.