Mega Matrix Corp. (NYSEAMERICAN:MTMT – Get Rating)’s share price traded up 1.8% during trading on Monday . The company traded as high as $1.70 and last traded at $1.68. 23,977 shares were traded during mid-day trading, an increase of 14% from the average session volume of 21,120 shares. The stock had previously closed at $1.65.
Mega Matrix Price Performance
Insider Transactions at Mega Matrix
In other news, CEO Yucheng Hu sold 2,397,305 shares of the business’s stock in a transaction on Wednesday, November 30th. The stock was sold at an average price of $1.00, for a total transaction of $2,397,305.00. Following the completion of the sale, the chief executive officer now owns 5,593,700 shares in the company, valued at $5,593,700. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 30.17% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Mega Matrix
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC bought a new stake in Mega Matrix in the third quarter valued at about $237,000. Vanguard Group Inc. bought a new stake in Mega Matrix in the third quarter valued at about $206,000. BlackRock Inc. acquired a new position in Mega Matrix in the third quarter valued at about $184,000. Two Sigma Investments LP acquired a new position in Mega Matrix in the third quarter valued at about $87,000. Finally, State Street Corp acquired a new position in Mega Matrix in the third quarter valued at about $32,000. Institutional investors own 2.68% of the company’s stock.
Mega Matrix Company Profile
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.
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