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NIP Group (NASDAQ:NIPG) Stock Price Down 2% - Here's What Happened

NIP Group logo with Consumer Discretionary background

NIP Group Inc. (NASDAQ:NIPG - Get Free Report) was down 2% during trading on Tuesday . The stock traded as low as $1.33 and last traded at $1.47. Approximately 79,388 shares were traded during trading, a decline of 62% from the average daily volume of 209,015 shares. The stock had previously closed at $1.50.

NIP Group Price Performance

The stock's fifty day moving average is $1.73 and its 200-day moving average is $4.26.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in NIP Group stock. XTX Topco Ltd acquired a new position in shares of NIP Group Inc. (NASDAQ:NIPG - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 24,542 shares of the company's stock, valued at approximately $40,000.

About NIP Group

(Get Free Report)

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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