Triller Group (NYSE:ILLR) Trading Down 14.8% – Time to Sell?

Triller Group Inc. (NYSE:ILLR) shares dropped 14.8% during trading on Tuesday . The stock traded as low as $0.65 and last traded at $0.65. Approximately 590,042 shares traded hands during trading, a decline of 25% from the average daily volume of 791,276 shares. The stock had previously closed at $0.76.

Triller Group Trading Up 12.8 %

The company has a market cap of $107.90 million, a PE ratio of -0.54 and a beta of -1.39. The company’s 50-day moving average price is $1.36.

Insider Activity at Triller Group

In other news, Director Robert E. Jr. Diamond sold 13,179 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $2.64, for a total transaction of $34,792.56. Following the completion of the sale, the director now owns 1,155,523 shares of the company’s stock, valued at $3,050,580.72. This trade represents a 1.13 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders have sold a total of 638,299 shares of company stock worth $1,216,210 over the last quarter. Company insiders own 8.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ILLR. Jefferies Financial Group Inc. acquired a new position in shares of Triller Group during the fourth quarter valued at about $27,000. Schonfeld Strategic Advisors LLC acquired a new position in Triller Group during the 4th quarter worth approximately $32,000. Harbert Fund Advisors Inc. bought a new position in Triller Group in the fourth quarter worth approximately $79,000. Alpine Global Management LLC bought a new position in Triller Group in the fourth quarter worth approximately $83,000. Finally, OMERS ADMINISTRATION Corp acquired a new stake in Triller Group in the fourth quarter valued at approximately $103,000. 0.04% of the stock is owned by institutional investors.

About Triller Group

Triller Group, Inc engages in the provision of an artificial intelligence-powered, social media and live-streaming event platform for creators. It uses proprietary AI technology to push and track content virtually to affiliated and non-affiliated sites and networks. The company is headquartered in Los Angeles, CA.