BingEx (NASDAQ:FLX) Sees Strong Trading Volume – Here’s Why

BingEx Limited (NASDAQ:FLX) shares saw an uptick in trading volume on Friday . 14,561 shares traded hands during trading, an increase of 16% from the previous session’s volume of 12,547 shares.The stock last traded at $9.10 and had previously closed at $9.47.

BingEx Price Performance

The stock’s fifty day simple moving average is $8.41.

BingEx (NASDAQ:FLX) last issued its quarterly earnings results on Wednesday, November 27th. The company reported $0.12 earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On BingEx

An institutional investor recently bought a new position in BingEx stock. Millennium Management LLC acquired a new stake in BingEx Limited (NASDAQ:FLX) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 41,405 shares of the company’s stock, valued at approximately $335,000. Millennium Management LLC owned about 0.06% of BingEx at the end of the most recent quarter.

About BingEx

BingEx Limited, through its subsidiaries, provides on-demand courier services under the FlashEx brand name in the People’s Republic of China. The company offers Flash-Riders as service providers. It serves individual and business customers, including local retailers, restaurants, and logistics players through its mobile platform and website.