VCI Global (NASDAQ:VCIG) Stock Price Down 6.4% – Here’s Why

VCI Global Limited (NASDAQ:VCIG)’s stock price dropped 6.4% during mid-day trading on Wednesday . The company traded as low as $8.00 and last traded at $8.05. Approximately 116,176 shares changed hands during trading, a decline of 27% from the average daily volume of 159,818 shares. The stock had previously closed at $8.60.

VCI Global Stock Performance

The firm’s fifty day moving average price is $23.31 and its 200 day moving average price is $103.60.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in VCI Global stock. Millennium Management LLC purchased a new position in shares of VCI Global Limited (NASDAQ:VCIG) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 14,144 shares of the company’s stock, valued at approximately $25,000. Millennium Management LLC owned approximately 0.11% of VCI Global at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.20% of the company’s stock.

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.