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

BingEx Limited (NASDAQ:FLX)’s stock price shot up 4.4% on Thursday . The stock traded as high as $8.13 and last traded at $8.13. 412 shares were traded during mid-day trading, a decline of 97% from the average session volume of 12,910 shares. The stock had previously closed at $7.79.

BingEx Stock Performance

The business’s fifty day simple moving average is $8.49.

BingEx (NASDAQ:FLX) last released its earnings results on Wednesday, March 12th. The company reported ($0.06) earnings per share for the quarter. The firm 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 purchased a new stake in shares of BingEx Limited (NASDAQ:FLX) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 41,405 shares of the company’s stock, valued at approximately $335,000. Millennium Management LLC owned about 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.