Code Chain New Continent (NASDAQ:CCNC) Trading Down 6.8%

Code Chain New Continent Limited (NASDAQ:CCNC)’s share price fell 6.8% during trading on Thursday . The company traded as low as $0.95 and last traded at $1.09. 2,131,365 shares traded hands during mid-day trading, an increase of 11,371% from the average session volume of 18,580 shares. The stock had previously closed at $1.17.

Code Chain New Continent Stock Down 6.8 %

The stock’s fifty day simple moving average is $1.92 and its 200 day simple moving average is $2.56.

Institutional Investors Weigh In On Code Chain New Continent

An institutional investor recently raised its position in Code Chain New Continent stock. Citadel Advisors LLC boosted its position in Code Chain New Continent Limited (NASDAQ:CCNC) by 468.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 329,866 shares of the company’s stock after purchasing an additional 271,832 shares during the quarter. Citadel Advisors LLC owned about 21.42% of Code Chain New Continent worth $52,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 34.75% of the company’s stock.

Code Chain New Continent Company Profile

Code Chain New Continent Limited, through its subsidiaries, focuses on research, development, and application of Internet of Things (IoT) and electronic token digital door signs. It creates digital door signs which is the digitalization of a physical store by means of animation and other technical services; and offers electronic tokens, that are used for purchasing virtual real estate properties.