Shares of Universal Music Group (OTCMKTS:UNVGY – Get Free Report) traded down 0.1% during mid-day trading on Monday . The stock traded as low as $8.33 and last traded at $8.38. 501,732 shares were traded during mid-day trading, a decline of 37% from the average daily volume of 791,769 shares. The stock had previously closed at $8.39.
Universal Music Group Trading Down 0.2%
The company has a 50 day moving average of $8.94 and a 200-day moving average of $10.11.
About Universal Music Group
Universal Music Group (OTCMKTS: UNVGY) is a leading global music company that operates across the recorded music, music publishing, and merchandising sectors. The company signs, develops, and manages artists and songwriters, producing and distributing sound recordings and music videos. It holds a diverse catalogue spanning all major genres, representing both established superstars and emerging talent through renowned labels such as Interscope Geffen A&M, Capitol Music Group, Def Jam Recordings and Decca Records.
In its recorded music division, Universal Music Group collaborates with artists to create and market new releases, overseeing physical and digital distribution, licensing, and promotional activities.
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