BingEx (NASDAQ:FLX) Trading Down 6.5% – Here’s What Happened

BingEx Limited (NASDAQ:FLX)’s share price traded down 6.5% during trading on Wednesday . The company traded as low as $8.66 and last traded at $8.61. 6,589 shares were traded during mid-day trading, a decline of 86% from the average session volume of 46,382 shares. The stock had previously closed at $9.20.

BingEx Price Performance

The company has a 50-day simple moving average of $8.51.

BingEx (NASDAQ:FLX) last posted its earnings results on Wednesday, March 12th. The company reported ($0.06) earnings per share for the quarter.

Hedge Funds Weigh In On BingEx

An institutional investor recently bought a new position in BingEx stock. Millennium Management LLC bought a new position in shares of BingEx Limited (NASDAQ:FLX) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 41,405 shares of the company’s stock, valued at approximately $335,000. Millennium Management LLC owned 0.06% of BingEx as of its most recent filing with the Securities and Exchange Commission.

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.