Triller Group (NYSE:ILLR) Trading Down 14.8% – Here’s Why

Shares of Triller Group Inc. (NYSE:ILLR) traded down 14.8% during trading on Tuesday . The stock traded as low as $0.65 and last traded at $0.65. 590,042 shares were traded during trading, a decline of 25% from the average session volume of 791,276 shares. The stock had previously closed at $0.76.

Triller Group Stock Performance

The firm’s 50-day moving average is $1.43. The stock has a market capitalization of $105.85 million, a P/E ratio of -0.53 and a beta of -1.39.

Insider Activity at Triller Group

In other Triller Group news, Director Robert E. Jr. Diamond sold 13,179 shares of Triller Group stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $2.64, for a total value of $34,792.56. Following the transaction, the director now directly owns 1,155,523 shares of the company’s stock, valued at $3,050,580.72. The trade was a 1.13 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last three months, insiders have sold 638,299 shares of company stock worth $1,216,210. 8.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Triller Group

Several hedge funds have recently modified their holdings of ILLR. Jefferies Financial Group Inc. acquired a new position in Triller Group during the 4th quarter valued at $27,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Triller Group during the 4th quarter worth about $32,000. Harbert Fund Advisors Inc. acquired a new position in shares of Triller Group during the fourth quarter valued at about $79,000. Alpine Global Management LLC bought a new stake in shares of Triller Group in the fourth quarter valued at about $83,000. Finally, OMERS ADMINISTRATION Corp acquired a new stake in Triller Group during the fourth quarter worth about $103,000. 0.04% of the stock is owned by institutional investors.

Triller Group Company Profile

Triller Group, Inc engages in the provision of an artificial intelligence-powered, social media and live-streaming event platform for creators. It uses proprietary AI technology to push and track content virtually to affiliated and non-affiliated sites and networks. The company is headquartered in Los Angeles, CA.