NIP Group Inc. (NASDAQ:NIPG - Get Free Report)'s share price traded down 7.5% during mid-day trading on Tuesday . The stock traded as low as $1.55 and last traded at $1.60. 312,839 shares were traded during trading, an increase of 50% from the average session volume of 208,978 shares. The stock had previously closed at $1.73.
Wall Street Analyst Weigh In
Separately, Maxim Group decreased their target price on shares of NIP Group from $12.00 to $6.00 and set a "buy" rating for the company in a research report on Tuesday, May 20th.
Read Our Latest Stock Analysis on NIPG
NIP Group Stock Down 1.3%
The business has a 50 day moving average price of $1.54 and a 200 day moving average price of $3.43.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in NIP Group stock. XTX Topco Ltd bought a new stake in NIP Group Inc. (NASDAQ:NIPG - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund bought 24,542 shares of the company's stock, valued at approximately $40,000.
About NIP Group
(
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Our mission is to create transformative esports experiences that entertain, inspire and connect fans across the globe. Our vision is to become the premier esports organization in the world. We are a leading esports organization with the most expansive global footprint by virtue of our operations across Asia, Europe and South America, according to the Frost & Sullivan Report.
Further Reading
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