BingEx (NASDAQ:FLX) Trading Down 6.5% – Should You Sell?

BingEx Limited (NASDAQ:FLXGet Free Report)’s share price dropped 6.5% on Monday . The stock traded as low as $7.50 and last traded at $7.51. Approximately 4,825 shares changed hands during trading, a decline of 91% from the average daily volume of 53,435 shares. The stock had previously closed at $8.03.

BingEx Stock Performance

The firm’s 50-day simple moving average is $10.48.

About BingEx

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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.

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