Mega Matrix Corp. (NYSEAMERICAN:MTMT – Get Rating)'s stock price rose 1.8% during trading on Monday . The stock traded as high as $1.70 and last traded at $1.68. Approximately 23,977 shares were traded during trading, an increase of 14% from the average daily volume of 21,120 shares. The stock had previously closed at $1.65.
Mega Matrix Trading Up 1.8 %
Get Mega Matrix alerts:Insider Activity at Mega Matrix
In other Mega Matrix news, CEO Yucheng Hu sold 2,397,305 shares of the company's stock in a transaction dated Wednesday, November 30th. The shares were sold at an average price of $1.00, for a total value of $2,397,305.00. Following the sale, the chief executive officer now owns 5,593,700 shares in the company, valued at $5,593,700. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 30.17% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Mega Matrix
A number of hedge funds and other institutional investors have recently bought and sold shares of MTMT. Renaissance Technologies LLC purchased a new stake in shares of Mega Matrix during the third quarter valued at approximately $237,000. Vanguard Group Inc. purchased a new stake in shares of Mega Matrix during the third quarter valued at approximately $206,000. BlackRock Inc. purchased a new stake in shares of Mega Matrix during the third quarter valued at approximately $184,000. Two Sigma Investments LP purchased a new stake in shares of Mega Matrix during the third quarter valued at approximately $87,000. Finally, State Street Corp purchased a new stake in shares of Mega Matrix during the third quarter valued at approximately $32,000. Hedge funds and other institutional investors own 2.68% of the company's stock.
About Mega Matrix
(Get Rating)Mega Matrix Corp., together with its subsidiaries, engages in the GameFi business in the metaverse ecosystem. It also provides aircraft advisory and management services. The company was formerly known as AeroCentury Corp. and changed its name to Mega Matrix Corp. in March 2022. Mega Matrix Corp. was incorporated in 1997 and is headquartered in Palo Alto, California.
Featured Articles
- Get a free copy of the StockNews.com research report on Mega Matrix (MTMT)
- Is the Worst Behind for Under Armor Stock with a New CEO?
- Analysts Like The Fit Of Skechers USA
- What Does Microsoft's Investment in ChatGBT Mean for MSFT Stock?
- Can We Trust The Rally In The S&P 500
- Energy Surge: Four Oil-And-Gas Stocks Setting Up In Bullish Bases
Receive News & Ratings for Mega Matrix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mega Matrix and related companies with MarketBeat.com's FREE daily email newsletter.