Insider Selling: Asset Entities Inc. (NASDAQ:ASST) CMO Sells 13,333 Shares of Stock

Asset Entities Inc. (NASDAQ:ASST) CMO Kyle Fairbanks sold 13,333 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $1.90, for a total value of $25,332.70. Following the completion of the transaction, the chief marketing officer now directly owns 26,667 shares in the company, valued at approximately $50,667.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Asset Entities Trading Down 8.6 %

Shares of ASST traded down $0.23 during midday trading on Thursday, reaching $2.43. 2,572,508 shares of the stock were exchanged, compared to its average volume of 2,012,463. The company’s 50 day moving average is $1.48 and its two-hundred day moving average is $2.05. The company has a market capitalization of $7.31 million, a P/E ratio of -1.24 and a beta of 8.38. Asset Entities Inc. has a 52 week low of $0.87 and a 52 week high of $5.10.

Hedge Funds Weigh In On Asset Entities

A hedge fund recently bought a new stake in Asset Entities stock. Symmetry Peak Management LLC purchased a new position in shares of Asset Entities Inc. (NASDAQ:ASST) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 60,961 shares of the company’s stock, valued at approximately $39,000. Symmetry Peak Management LLC owned approximately 0.44% of Asset Entities at the end of the most recent quarter. Institutional investors and hedge funds own 5.52% of the company’s stock.

About Asset Entities

Asset Entities Inc, a technology company, provides social media marketing and content delivery services across Discord, TikTok, and other social media platforms. It designs, develops, and manages servers for communities on Discord. The company offers discord investment education, entertainment, and marketing services.