MOGU (NYSE:MOGU) Shares Down 6.8% – Should You Sell?

MOGU Inc. (NYSE:MOGUGet Free Report)’s stock price fell 6.8% during mid-day trading on Wednesday . The company traded as low as $2.04 and last traded at $2.04. 8,620 shares traded hands during mid-day trading, a decline of 56% from the average session volume of 19,761 shares. The stock had previously closed at $2.19.

MOGU Stock Performance

The company has a 50-day moving average of $2.12 and a 200 day moving average of $2.21.

MOGU Company Profile

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MOGU Inc, through its subsidiaries, engages in the online fashion and lifestyle business in the People's Republic of China. The company operates an online platform that primarily offers a range of fashion apparel and other products, including beauty products and accessories provided by third party merchants, as well as personal care, food, and medical beauty products.

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