Codere Online Luxembourg (NASDAQ:CDRO) Stock Price Up 2.1% – Here’s What Happened

Codere Online Luxembourg, S.A. (NASDAQ:CDRO)’s stock price was up 2.1% on Wednesday . The company traded as high as $7.34 and last traded at $7.19. Approximately 35,067 shares changed hands during mid-day trading, a decline of 28% from the average daily volume of 48,648 shares. The stock had previously closed at $7.04.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus reaffirmed a “buy” rating and set a $10.00 price target on shares of Codere Online Luxembourg in a research report on Monday, December 30th.

Codere Online Luxembourg Stock Up 2.1 %

The company has a 50 day simple moving average of $7.07 and a two-hundred day simple moving average of $7.47.

Institutional Trading of Codere Online Luxembourg

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. FNY Investment Advisers LLC increased its stake in shares of Codere Online Luxembourg by 194.9% during the fourth quarter. FNY Investment Advisers LLC now owns 368,177 shares of the company’s stock valued at $2,374,000 after buying an additional 243,330 shares during the period. Exchange Traded Concepts LLC bought a new stake in Codere Online Luxembourg during the fourth quarter valued at about $364,000. Hood River Capital Management LLC grew its stake in Codere Online Luxembourg by 64.7% in the fourth quarter. Hood River Capital Management LLC now owns 25,596 shares of the company’s stock valued at $165,000 after purchasing an additional 10,059 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Codere Online Luxembourg in the fourth quarter valued at about $64,000. Finally, Geode Capital Management LLC grew its stake in Codere Online Luxembourg by 25.0% in the fourth quarter. Geode Capital Management LLC now owns 13,600 shares of the company’s stock valued at $88,000 after purchasing an additional 2,723 shares during the last quarter. Hedge funds and other institutional investors own 10.30% of the company’s stock.

Codere Online Luxembourg Company Profile

Codere Online Luxembourg, SA operates as an online casino gaming and sports betting company. It also offers online casino wagering products and services, as well as online gambling and other online services. The company offers its products under the Codere and Greenplay brand names. It primarily operates in Spain, Italy, Mexico, Colombia, the United Kingdom, Germany, South Africa, Austria, Malta, Panama, and Argentina.