Strive (NASDAQ:ASST) Sees Unusually-High Trading Volume – Here’s Why

Shares of Strive, Inc. (NASDAQ:ASST) saw an uptick in trading volume on Friday . 60,211,946 shares changed hands during trading, an increase of 109% from the previous session’s volume of 28,865,992 shares.The stock last traded at $1.1450 and had previously closed at $1.15.

Analysts Set New Price Targets

Separately, Wall Street Zen cut Strive from a “hold” rating to a “sell” rating in a report on Friday, September 26th.

Strive Price Performance

The firm has a market capitalization of $674.68 million, a PE ratio of -1.52 and a beta of 16.64. The business has a 50-day simple moving average of $2.54 and a 200-day simple moving average of $4.32.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ASST. MMCAP International Inc. SPC purchased a new stake in shares of Strive in the third quarter valued at $46,296,000. Ghisallo Capital Management LLC purchased a new position in shares of Strive during the 3rd quarter worth about $27,778,000. Hudson Bay Capital Management LP bought a new position in Strive during the 2nd quarter valued at about $27,778,000. Harraden Circle Investments LLC purchased a new stake in Strive in the 3rd quarter worth about $9,259,000. Finally, Cable Car Capital LP raised its position in Strive by 303.7% in the 3rd quarter. Cable Car Capital LP now owns 432,000 shares of the company’s stock worth $1,080,000 after purchasing an additional 325,000 shares during the period. 5.52% of the stock is owned by hedge funds and other institutional investors.

About Strive

Asset Entities Inc, a technology company, provides social media marketing and content delivery services across Discord, TikTok, and other social media platforms. It designs, develops, and manages servers for communities on Discord. The company offers discord investment education, entertainment, and marketing services.