Shares of MGT Capital Investments Inc (MGT) Drops by -14.69%

MGT Capital Investments Inc (MGT) has risen sharply, recording gains of 6.09% in the past 4 weeks. However, the stock has corrected -14.69% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.64% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has recorded a 20-day Moving Average of 1.16% and the 50-Day Moving Average is 32.59%.

MGT Capital Investments Inc (NYSEMKT:MGT): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $3.74 and $3.47 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $3.94. The buying momentum continued till the end and the stock did not give up its gains. It closed at $3.66, notching a gain of 10.91% for the day. The total traded volume was 7,573,845 . The stock had closed at $3.30 on the previous day.


The company Insiders own 16% of MGT Capital Investments Inc shares according to the proxy statements. Institutional Investors own 0.75% of MGT Capital Investments Inc shares. In a related news, Ladd Robert, director officer (President, CEO, Interim CFO) of Mgt Capital Investments Inc, unloaded 190,903 shares at an average price of $2.48 on May 25, 2016. The total amount of the transaction was worth $473,439, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

MGT Capital Investments, Inc. (MGT), through its subsidiaries, is engaged in the business of acquiring, developing and monetizing assets in the online and mobile gaming space and social casino. The Company has four segments: Medicsight Software/Devices, Medicsight Services, Gaming and Intellectual Property. MGTs portfolio of assets in the online, mobile gaming and social casino gaming space includes, and Slot Champ. The Companys direct and indirect owned subsidiaries include MGT Gaming, Inc. (MGT Gaming), MGT Interactive LLC (MGT Interactive), Medicsight, Inc. (Medicsight), MGT Studios, Inc. (MGT Studios), M2P Americas, Inc., MGT Sports, Inc. (MGT Sports) and FanTD LLC, (FanTD).

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