K Wave Media, Ltd. (NASDAQ:KWM – Get Free Report)’s share price was down 11% during trading on Friday . The stock traded as low as $2.14 and last traded at $2.18. Approximately 160,414 shares were traded during trading, a decline of 20% from the average daily volume of 201,620 shares. The stock had previously closed at $2.45.
Analyst Ratings Changes
Separately, Wall Street Zen downgraded shares of K Wave Media to a “strong sell” rating in a research report on Saturday, July 19th.
View Our Latest Stock Analysis on K Wave Media
K Wave Media Trading Down 11.0%
Institutional Investors Weigh In On K Wave Media
An institutional investor recently bought a new position in K Wave Media stock. Vontobel Holding Ltd. purchased a new stake in shares of K Wave Media, Ltd. (NASDAQ:KWM – Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,419 shares of the company’s stock, valued at approximately $40,000. 62.18% of the stock is owned by institutional investors and hedge funds.
K Wave Media Company Profile
K Wave Media engaged in the entertainment content and IP creation businesses. K Wave Media, formerly known as Global Star Acquisition Inc, is based in NEW YORK.
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