Shares of Universal Music Group (OTCMKTS:UNVGY – Get Free Report) shot up 2.9% during mid-day trading on Tuesday . The stock traded as high as $11.70 and last traded at $11.70. 474,903 shares were traded during trading, a decline of 36% from the average session volume of 744,373 shares. The stock had previously closed at $11.37.
Universal Music Group Stock Performance
The firm has a 50-day moving average price of $10.63 and a 200-day moving average price of $12.17.
About Universal Music Group
Universal Music Group (OTCMKTS: UNVGY) is a leading global music company that operates across the recorded music, music publishing, and merchandising sectors. The company signs, develops, and manages artists and songwriters, producing and distributing sound recordings and music videos. It holds a diverse catalogue spanning all major genres, representing both established superstars and emerging talent through renowned labels such as Interscope Geffen A&M, Capitol Music Group, Def Jam Recordings and Decca Records.
In its recorded music division, Universal Music Group collaborates with artists to create and market new releases, overseeing physical and digital distribution, licensing, and promotional activities.
Featured Articles
Receive News & Ratings for Universal Music Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Music Group and related companies with MarketBeat.com's FREE daily email newsletter.
