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

NIP Group logo with Consumer Discretionary background

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

NIP Group Price Performance

The firm's 50 day moving average price is $1.69 and its two-hundred day moving average price is $4.06.

Institutional Trading of NIP Group

An institutional investor recently bought a new position in NIP Group stock. XTX Topco Ltd acquired a new position in NIP Group Inc. (NASDAQ:NIPG - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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.

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