Galaxy Payroll Group Limited’s Lock-Up Period Will End Tomorrow (NASDAQ:GLXG)

Galaxy Payroll Group’s (NASDAQ:GLXG) lock-up period will end on Tuesday, March 11th. Galaxy Payroll Group had issued 1,750,000 shares in its public offering on September 12th. The total size of the offering was $7,000,000 based on an initial share price of $4.00. After the end of the company’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Galaxy Payroll Group Price Performance

NASDAQ GLXG opened at $0.83 on Monday. The business’s fifty day simple moving average is $0.95. Galaxy Payroll Group has a fifty-two week low of $0.70 and a fifty-two week high of $16.93.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Galaxy Payroll Group stock. Two Sigma Investments LP purchased a new stake in Galaxy Payroll Group Limited (NASDAQ:GLXG) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 44,613 shares of the company’s stock, valued at approximately $44,000. Two Sigma Investments LP owned about 0.25% of Galaxy Payroll Group as of its most recent filing with the Securities and Exchange Commission.

About Galaxy Payroll Group

Galaxy Payroll Group Limited, through its subsidiaries, provides payroll outsourcing, employment, and consultancy and market research services. It has operations in Hong Kong, Macau, the People’s Republic of China, Taiwan, Japan, Australia, Thailand, Malaysia, Vietnam, India, Indonesia, and the Philippines.