RedCloud Holdings plc (NASDAQ:RCT – Get Free Report) Director Nikolaus Beat Senn acquired 2,500,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The stock was acquired at an average price of $0.25 per share, for a total transaction of $625,000.00. Following the completion of the acquisition, the director directly owned 10,151,524 shares of the company’s stock, valued at $2,537,881. The trade was a 32.67% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.
RedCloud Trading Up 1.5%
RedCloud stock traded up $0.00 during mid-day trading on Wednesday, hitting $0.22. The company’s stock had a trading volume of 5,218,953 shares, compared to its average volume of 3,831,842. The stock’s fifty day moving average is $0.23 and its two-hundred day moving average is $0.57. RedCloud Holdings plc has a 1 year low of $0.17 and a 1 year high of $2.39.
Institutional Trading of RedCloud
A hedge fund recently raised its stake in RedCloud stock. UBS Group AG raised its position in shares of RedCloud Holdings plc (NASDAQ:RCT – Free Report) by 2,359.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 328,365 shares of the company’s stock after buying an additional 315,016 shares during the period. UBS Group AG owned about 0.83% of RedCloud worth $594,000 as of its most recent filing with the Securities & Exchange Commission.
Wall Street Analyst Weigh In
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About RedCloud
We have developed and operate the RedCloud platform (the “Platform”), that facilitates the trading of everyday consumer supplies of fast-moving consumer goods (“FMCG”) products across business supply chains. We believe the Platform solves a decades old problem of how to unlock and enable access of key purchase and sales data between brands, distributors and retailers in high growth consumer markets. Through the Platform, we enable retailers in these markets to use data driven insights backed by artificial intelligence (“AI”) to help make faster and easier business-to-business (“B2B”) purchases and inventory decisions from brands and distributors by breaking down complex purchasing behaviors of large product inventory catalogues.
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