BingEx (NASDAQ:FLX) Stock Price Up 4.4% – Here’s Why

Shares of BingEx Limited (NASDAQ:FLX) rose 4.4% during mid-day trading on Thursday . The company traded as high as $8.13 and last traded at $8.13. Approximately 412 shares changed hands during trading, a decline of 97% from the average daily volume of 12,910 shares. The stock had previously closed at $7.79.

BingEx Trading Up 1.9 %

The business has a 50-day moving average of $8.49.

BingEx (NASDAQ:FLX) last issued its earnings results on Wednesday, March 12th. The company reported ($0.06) earnings per share (EPS) for the quarter. The company had revenue of $140.96 million for the quarter.

Institutional Trading of BingEx

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

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.