Global Blue Group (NYSE:GB) Sees Strong Trading Volume

Global Blue Group Holding AG (NYSE:GBGet Rating) saw an uptick in trading volume on Tuesday . 610 shares were traded during mid-day trading, a decline of 97% from the previous session’s volume of 18,746 shares.The stock last traded at $5.05 and had previously closed at $5.20.

The stock has a 50-day moving average price of $5.70.

Institutional investors and hedge funds have recently modified their holdings of the business. Citadel Advisors LLC purchased a new position in shares of Global Blue Group during the 3rd quarter worth $67,000. Pictet & Cie Europe SA acquired a new position in shares of Global Blue Group in the 3rd quarter valued at $831,000. Wells Fargo & Company MN increased its position in shares of Global Blue Group by 106.2% during the second quarter. Wells Fargo & Company MN now owns 111,777 shares of the company’s stock valued at $1,109,000 after acquiring an additional 57,579 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Global Blue Group in the 4th quarter valued at approximately $1,111,000. Finally, Banque Pictet & Cie SA acquired a new position in shares of Global Blue Group in the 3rd quarter worth approximately $6,091,000. 85.72% of the stock is owned by institutional investors and hedge funds.

About Global Blue Group (NYSE:GB)

Global Blue Group Holding AG, together with its subsidiaries, provides technology-enabled transaction processing services for merchants, banks, acquirers, governments, and travelers worldwide. The company operates in two segments, Tax Free Shopping Technology Solutions (TFSS) and Added-Value Payment Solutions (AVPS).

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