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Why Net Element's Stock is Trading Higher Today

December 30, 2020 10:46 am
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Why Net Element's Stock is Trading Higher Today

Net Element’s Stock Price And Volume Action

Net Element’s (NASDAQ:NETE) stock is trading up 28.67% to a price of $15.08. Wednesday the stock has been traded at a volume of 14.04 million, about 654.09% of its recent 30-day volume average of 2.15 million.

Why It’s Moving

Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: Net Element shares are trading higher after the company's merger partner, Mullen Technologies, received a letter of intent for a purchase order of 1,500 MX-05 Electric Vehicles.

Further Analysis of Recent Price Action

The moving average price of the stock over the past 50 days was $9.52 at the time this article was published. In the past fifty-two weeks, the stock price has been as high as $20.08 and as low as $1.47.

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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