The9 (NASDAQ:NCTY) Shares Gap Up to $1.05

The9 Limited (NASDAQ:NCTY) gapped up prior to trading on Monday . The stock had previously closed at $0.76, but opened at $1.05. The9 shares last traded at $0.99, with a volume of 4,638 shares changing hands.

The firm has a 50-day moving average price of $1.09 and a two-hundred day moving average price of $1.37.

An institutional investor recently bought a new position in The9 stock. Morgan Stanley bought a new stake in The9 Limited (NASDAQ:NCTY) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 71,597 shares of the technology company’s stock, valued at approximately $89,000. Morgan Stanley owned approximately 0.24% of The9 at the end of the most recent reporting period. Institutional investors own 0.34% of the company’s stock.

The9 Company Profile (NASDAQ:NCTY)

The9 Limited, together with its subsidiaries, operates as an online game developer and operator in the People's Republic of China. The company offers online games, including massively multiplayer online games, mobile games, Web games, and TV games. It also provides training services, such as smartphone application programming training services to college students.

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