Marshall Wace LLP purchased a new stake in shares of The9 Limited (NASDAQ:NCTY - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 56,583 shares of the technology company's stock, valued at approximately $823,000. Marshall Wace LLP owned about 0.63% of The9 as of its most recent SEC filing.
Separately, Jump Financial LLC purchased a new position in shares of The9 in the fourth quarter valued at about $230,000. Hedge funds and other institutional investors own 0.54% of the company's stock.
The9 Stock Down 1.6 %
Shares of NASDAQ NCTY traded down $0.18 during trading hours on Tuesday, hitting $10.96. The company's stock had a trading volume of 37,860 shares, compared to its average volume of 93,468. The9 Limited has a 12 month low of $5.74 and a 12 month high of $20.59. The business has a 50-day simple moving average of $11.79 and a 200-day simple moving average of $13.10.
The9 Company Profile
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Free Report)
The9 Limited operates as a cryptocurrency mining business in China, Eastern Europe, Asia, and North America. The company was formerly known as GameNow.net Limited and changed its name to The9 Limited in February 2004. The9 Limited was incorporated in 1999 and is headquartered in Shanghai, the People's Republic of China.
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