QMMM (NASDAQ:QMMM) Trading 19.4% Higher – Here’s What Happened

QMMM Holdings Limited (NASDAQ:QMMM)’s stock price traded up 19.4% on Monday . The company traded as high as $119.40 and last traded at $119.40. 773,300 shares traded hands during trading, a decline of 67% from the average session volume of 2,364,426 shares. The stock had previously closed at $100.00.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of QMMM in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, QMMM presently has an average rating of “Sell”.

QMMM Stock Up 19.4%

The firm’s 50-day simple moving average is $119.40 and its 200 day simple moving average is $99.07.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE bought a new stake in shares of QMMM during the third quarter valued at about $46,000. Caitong International Asset Management Co. Ltd bought a new position in QMMM in the 3rd quarter valued at about $72,000. BNP Paribas Financial Markets acquired a new position in QMMM during the 3rd quarter valued at about $169,000. Susquehanna International Group LLP bought a new stake in shares of QMMM during the 3rd quarter worth about $229,000. Finally, Sage Mountain Advisors LLC acquired a new stake in shares of QMMM in the 3rd quarter worth approximately $272,000.

QMMM Company Profile

QMMM Holdings Ltd. engages in the provision of digital advertising services. It offers interactive design, animation, art-tech and virtual technologies used in commercial campaigns. It has worked with domestic and international banks, real estate developers, amusement parks, international athletic apparel, footwear brands, luxury cosmetic products, and international brands. The company was founded by Bun Kwai on July 29, 2022 and is headquartered in Hong Kong.