Wilfred Zhongkei Daye Sells 1,000 Shares of Mercurity Fintech (NASDAQ:MFH) Stock

Mercurity Fintech Holding Inc. Sponsored ADR (NASDAQ:MFH - Get Free Report) insider Wilfred Zhongkei Daye sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $12.19, for a total value of $12,190.00. Following the completion of the transaction, the insider owned 57,399 shares in the company, valued at $699,693.81. This represents a 1.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Wilfred Zhongkei Daye also recently made the following trade(s):

• On Wednesday, October 29th, Wilfred Zhongkei Daye sold 1,800 shares of Mercurity Fintech stock. The shares were sold at an average price of $11.48, for a total value of $20,664.00.
• On Monday, October 27th, Wilfred Zhongkei Daye sold 100 shares of Mercurity Fintech stock. The shares were sold at an average price of $11.25, for a total value of $1,125.00.
• On Thursday, October 23rd, Wilfred Zhongkei Daye sold 200 shares of Mercurity Fintech stock. The stock was sold at an average price of $11.13, for a total transaction of $2,226.00.
• On Wednesday, October 22nd, Wilfred Zhongkei Daye sold 300 shares of Mercurity Fintech stock. The shares were sold at an average price of $9.52, for a total transaction of $2,856.00.
• On Monday, October 20th, Wilfred Zhongkei Daye sold 1,000 shares of Mercurity Fintech stock. The shares were sold at an average price of $11.98, for a total transaction of $11,980.00.
• On Friday, October 17th, Wilfred Zhongkei Daye sold 500 shares of Mercurity Fintech stock. The stock was sold at an average price of $12.60, for a total transaction of $6,300.00.
• On Thursday, October 16th, Wilfred Zhongkei Daye sold 2,170 shares of Mercurity Fintech stock. The shares were sold at an average price of $11.37, for a total transaction of $24,672.90.
• On Wednesday, October 15th, Wilfred Zhongkei Daye sold 1,195 shares of Mercurity Fintech stock. The stock was sold at an average price of $14.87, for a total transaction of $17,769.65.

Mercurity Fintech Stock Performance

Shares of MFH stock traded up $0.29 during trading on Wednesday, hitting $11.35. The company's stock had a trading volume of 176,537 shares, compared to its average volume of 368,355. The business has a fifty day moving average of $14.08 and a 200-day moving average of $7.91. Mercurity Fintech Holding Inc. Sponsored ADR has a 52 week low of $1.38 and a 52 week high of $36.77.

Mercurity Fintech declared that its board has authorized a stock buyback program on Tuesday, July 22nd that allows the company to repurchase $10.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 7.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's management believes its shares are undervalued.

Institutional Trading of Mercurity Fintech

Several hedge funds have recently made changes to their positions in MFH. Millennium Management LLC lifted its position in shares of Mercurity Fintech by 671.0% during the 1st quarter. Millennium Management LLC now owns 797,099 shares of the company's stock valued at $4,272,000 after buying an additional 693,720 shares during the last quarter. Geode Capital Management LLC raised its stake in Mercurity Fintech by 1,103.8% in the 2nd quarter. Geode Capital Management LLC now owns 429,832 shares of the company's stock valued at $1,655,000 after acquiring an additional 394,126 shares during the period. Goldman Sachs Group Inc. boosted its position in Mercurity Fintech by 120.7% during the first quarter. Goldman Sachs Group Inc. now owns 147,118 shares of the company's stock worth $789,000 after purchasing an additional 80,452 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Mercurity Fintech by 200.0% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 132,406 shares of the company's stock worth $510,000 after purchasing an additional 88,265 shares in the last quarter. Finally, Arete Wealth Advisors LLC purchased a new position in shares of Mercurity Fintech in the third quarter worth about $1,273,000. 30.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a "sell (e+)" rating on shares of Mercurity Fintech in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Mercurity Fintech has an average rating of "Sell".

Read Our Latest Analysis on Mercurity Fintech

Mercurity Fintech Company Profile

Mercurity Fintech Holding Inc operates as a fintech company powered by blockchain. The company provides digital asset trading infrastructure solutions based on internet and blockchain technologies for cryptocurrency traders; and asset digitalization platform, which offers blockchain-based digitalization solutions for traditional assets, such as fiat currencies, bonds, and precious metals.

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