Fangdd Network Group (NASDAQ:DUO) Trading Down 3.5% – Should You Sell?

Fangdd Network Group Ltd. (NASDAQ:DUO)’s stock price was down 3.5% during trading on Thursday . The stock traded as low as $0.66 and last traded at $0.66. Approximately 1,778,887 shares changed hands during trading, a decline of 75% from the average daily volume of 7,080,202 shares. The stock had previously closed at $0.69.

Fangdd Network Group Stock Performance

The stock’s 50 day moving average price is $0.86 and its 200 day moving average price is $0.77.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Fangdd Network Group stock. Sassicaia Capital Advisers LLC bought a new stake in Fangdd Network Group Ltd. (NASDAQ:DUO) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 16,500 shares of the company’s stock, valued at approximately $51,000. Fangdd Network Group accounts for about 0.1% of Sassicaia Capital Advisers LLC’s investment portfolio, making the stock its 17th biggest holding. Sassicaia Capital Advisers LLC owned approximately 0.36% of Fangdd Network Group as of its most recent SEC filing.

About Fangdd Network Group

Fangdd Network Group Ltd., an investment holding company, provides real estate information services through online platform in the People's Republic of China. It operates Property Cloud, a software as a service solution for real estate sellers. The company also operates platforms for real estate agents, including Duoduo Sales, which offers real estate agents with instant access to marketplace functionalities and allows them to conduct transactions on the go; Duoduo Cloud Sales, which connects agents to property database and buyer base, allowing them to source, manage, and complete transactions online; and provides online and offline, and project-specific training and guidance services.