WeWork (NYSE:WE) Trading Up 6.7%

WeWork Inc. (NYSE:WE) shares rose 6.7% on Wednesday . The company traded as high as $0.18 and last traded at $0.16. Approximately 23,027 shares traded hands during trading, a decline of 99% from the average daily volume of 1,606,810 shares. The stock had previously closed at $0.15.

WeWork Trading Up 6.7 %

The stock has a market capitalization of $8.52 million, a price-to-earnings ratio of 0.00 and a beta of 2.08. The firm has a 50-day moving average of $0.13 and a 200-day moving average of $0.49.

Institutional Investors Weigh In On WeWork

A number of large investors have recently bought and sold shares of WE. Victory Capital Management Inc. purchased a new stake in WeWork in the 3rd quarter worth $160,000. Hsbc Holdings PLC grew its position in shares of WeWork by 57.6% in the third quarter. Hsbc Holdings PLC now owns 82,657 shares of the company’s stock valued at $245,000 after purchasing an additional 30,195 shares during the period. Finally, Mackenzie Financial Corp purchased a new stake in shares of WeWork during the third quarter worth about $1,176,000.

About WeWork

WeWork Inc provides flexible workspace solutions to individuals and organizations worldwide. The company offers workstation, private office, and customized floor solutions; and various amenities and services, such as private phone booths, internet, high-speed business printers and copiers, mail and package handling, front desk services, off-peak building access, common areas, and daily enhanced cleaning solutions.