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Analyzing The Price Action In 500.com Stock Today

December 21, 2020 10:26 am
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500.com’s Stock Price And Volume Action

500.com’s (NYSE:WBAI) stock has been rising Monday, up 98.14% to a price of $5.17. Monday the stock has been traded at a volume of 10.56 million, about 16239.02% of its recent 30-day volume average of 65.01 thousand.

Why It’s Moving

Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: 500.com shares are trading higher after the company announced a $23M investment from Good Luck Information Technology.

Insights On Recent Price Action

The moving average price of the stock over the past 50 days was $2.83 at the time this article was published. In the past fifty-two weeks, the stock price has been as high as $9.45 and as low as $2.51.

If you’re looking for timely and concise explanations of why a stock is moving, check out Benzinga Pro. Subscribers get ‘Why Is It Moving’ alerts as soon as our research team identifies the cause of the price action in a stock. Click here to learn more.

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