Baijiayun Group (NASDAQ:RTC) Trading Down 3.5% – Here’s What Happened

Baijiayun Group Ltd (NASDAQ:RTC) fell 3.5% on Monday . The company traded as low as $8.76 and last traded at $8.76. 115,385 shares traded hands during mid-day trading, an increase of 116% from the average session volume of 53,368 shares. The stock had previously closed at $9.08.

Baijiayun Group Stock Performance

The firm has a 50 day simple moving average of $8.02 and a 200 day simple moving average of $6.69.

Institutional Trading of Baijiayun Group

A hedge fund recently bought a new stake in Baijiayun Group stock. Garden State Investment Advisory Services LLC bought a new stake in shares of Baijiayun Group Ltd (NASDAQ:RTC) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 76,178 shares of the company’s stock, valued at approximately $629,000. 3.35% of the stock is currently owned by institutional investors.

About Baijiayun Group

Baijiayun Group Ltd engages in the video-centric technology solution business in China. Its solutions include video-centric SaaS/PaaS solutions, including live streaming solution, VoD solution, and real-time communications solution for education, finance, medical services, automotive, and IT industries; video-centric cloud related solutions, such as online school, video conferencing, and enterprise training solutions for educational institutions, IT, finance, media and advertising, and e-commerce industries; and video-centric industry AI solutions for education, retail, public affairs, and industrial manufacturing industries.