Ispire's Stock Price Declines by 3.1% on E-Cigarette Market

Business by 2FIRSTS.ai
Nov.29.2023
Ispire's Stock Price Declines by 3.1% on E-Cigarette Market
Ispire's stock price fell 3.1% on Tuesday following reports of a decrease in sales and global distribution.

According to a report by Etfdailynews on November 28th, the stock price of Ispire, a company specializing in the research, design, sales, marketing, and global distribution of e-cigarette and cannabis e-cigarette products, experienced a decline of 3.1% on Tuesday.

 

The company's stock price once dropped to $11.42 per share and continued trading at this level. The trading volume for the day was approximately 50,361 shares, which was a 29% decline from the average daily trading volume of 70,662 shares. Previously, the company's stock price at the close of the market was $11.78.

 

The stock price of Ispire Technology has had an average price of $9.68 over the past 50 days and $9.21 over the past 200 days. The company released its quarterly financial report on November 14th, which showed an earnings per share (EPS) of -$0.04 and revenue of $26.94 million for the quarter.

 

Several large investors have recently made adjustments to their holdings in Ispire Technologies stocks.

 

Barclays PLC acquired approximately $29,000 worth of shares in Ispire Technology in the second quarter. Panagora Asset Management Inc. purchased around $94,000 worth of Ispire Technology shares in the third quarter. Bank of New York Mellon Corp acquired approximately $103,000 worth of Ispire Technology shares in the third quarter. State Street Corp purchased around $119,000 worth of Ispire Technology shares in the second quarter. Additionally, Northern Trust Corp acquired approximately $174,000 worth of Ispire Technology shares in the second quarter. Shares owned by hedge funds and other institutional investors accounted for 2.07% of the total.

 

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