The Price And Volume Action In Cinedigm's Stock Today
Cinedigm CIDM is currently up 19.75% to a price of $2.01. The stock's current volume for the day is 60.09 million, which is approximately 302.78% of its previous 30-day average volume of 19.85 million.
Why It's Moving
Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: Cinedigm shares are trading higher after the company announced on Twitter its product team will develop "new #NFT products to enhance the user experience of our loyal audiences."
Perspective On Recent Price Action
The moving average price of the stock over the past 50 days was $1.45 at the time this article was published. In the past fifty-two weeks, the stock price has been as high as $6.0 and as low as $0.26.
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