Starbox Group (NASDAQ:STBX) Stock Price Down 9%

Starbox Group Holdings Ltd. (NASDAQ:STBX) shares fell 9% on Thursday . The company traded as low as $0.20 and last traded at $0.21. 45,652 shares traded hands during trading, a decline of 82% from the average session volume of 247,025 shares. The stock had previously closed at $0.23.

Starbox Group Stock Performance

The company has a current ratio of 8.34, a quick ratio of 8.34 and a debt-to-equity ratio of 0.01. The business’s 50-day moving average is $0.27 and its two-hundred day moving average is $0.37.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. XTX Topco Ltd lifted its position in shares of Starbox Group by 80.5% during the second quarter. XTX Topco Ltd now owns 30,236 shares of the company’s stock valued at $100,000 after purchasing an additional 13,484 shares in the last quarter. Citadel Advisors LLC bought a new position in shares of Starbox Group during the second quarter valued at about $395,000. Renaissance Technologies LLC bought a new position in shares of Starbox Group during the second quarter valued at about $242,000. Geode Capital Management LLC lifted its position in shares of Starbox Group by 46.1% during the second quarter. Geode Capital Management LLC now owns 26,090 shares of the company’s stock valued at $87,000 after purchasing an additional 8,238 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Starbox Group by 15,907.7% during the first quarter. Bank of America Corp DE now owns 16,648 shares of the company’s stock valued at $59,000 after purchasing an additional 16,544 shares in the last quarter. 21.97% of the stock is owned by institutional investors.

Starbox Group Company Profile

Starbox Group Holdings Ltd., through its subsidiaries, engages in the provision of cash rebate and digital advertising services to retail merchant advertisers through websites and mobile apps in Malaysia. It connects retail merchants with individual online and offline shoppers to facilitate transactions through cash rebate programs offered by retail merchants.