VCI Global (NASDAQ:VCIG) Stock Price Down 7.4% – Should You Sell?

VCI Global Limited (NASDAQ:VCIG) shares traded down 7.4% on Monday . The stock traded as low as $0.65 and last traded at $0.68. 1,625,678 shares changed hands during trading, a decline of 39% from the average session volume of 2,674,724 shares. The stock had previously closed at $0.74.

VCI Global Stock Down 6.0 %

The stock’s fifty day moving average price is $1.11 and its 200-day moving average price is $3.22.

Hedge Funds Weigh In On VCI Global

A hedge fund recently bought a new stake in VCI Global stock. Millennium Management LLC bought a new position in shares of VCI Global Limited (NASDAQ:VCIG) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 14,144 shares of the company’s stock, valued at approximately $25,000. Millennium Management LLC owned approximately 0.11% of VCI Global as of its most recent filing with the Securities & Exchange Commission. 0.20% of the stock is currently owned by institutional investors.

About VCI Global

VCI Global Limited, together with its subsidiaries, provides business and technology consulting services in Malaysia. The company offers business strategy consultancy services, including listing solutions, investors relations, and boardroom strategies consultancy. It also provides technology consultancy services and solutions, such as digital development, fintech solution, and software solutions.