GCL Global (NASDAQ:GCL) Stock Price Up 0.4% - Should You Buy?

GCL Global Holdings Ltd (NASDAQ:GCL - Get Free Report)'s share price was up 0.4% during trading on Tuesday . The company traded as high as $2.50 and last traded at $2.46. Approximately 17,403 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 1,188,190 shares. The stock had previously closed at $2.45.

GCL Global Stock Down 5.1%

The company's 50-day simple moving average is $2.29.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in GCL Global stock. ATW Spac Management LLC bought a new position in shares of GCL Global Holdings Ltd (NASDAQ:GCL - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund 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 holdings, making the stock its 25th biggest position. 36.55% of the stock is owned by institutional investors and hedge funds.

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.