Mondee (NASDAQ:MOND) Shares Gap Down to $12.70

Mondee Holdings, Inc. (NASDAQ:MOND – Get Rating) shares gapped down prior to trading on Wednesday . The stock had previously closed at $12.70, but opened at $9.28. Mondee shares last traded at $9.51, with a volume of 774,028 shares changing hands.

Analysts Set New Price Targets

Separately, Tigress Financial upped their price objective on shares of Mondee from $16.00 to $17.00 in a report on Wednesday, March 22nd.

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Mondee Price Performance

The stock’s 50-day simple moving average is $10.62 and its 200 day simple moving average is $10.59.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. TCW Group Inc. acquired a new position in Mondee in the first quarter valued at about $17,512,000. ETF Managers Group LLC lifted its position in Mondee by 6.9% in the first quarter. ETF Managers Group LLC now owns 278,738 shares of the company’s stock valued at $3,111,000 after buying an additional 17,882 shares during the last quarter. Cantor Fitzgerald L. P. acquired a new stake in shares of Mondee during the third quarter worth about $696,000. Susquehanna International Group LLP purchased a new position in shares of Mondee in the first quarter valued at approximately $630,000. Finally, Geode Capital Management LLC boosted its stake in shares of Mondee by 2.6% in the first quarter. Geode Capital Management LLC now owns 46,163 shares of the company’s stock valued at $515,000 after purchasing an additional 1,186 shares during the period. Institutional investors and hedge funds own 17.10% of the company’s stock.

About Mondee

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Mondee Holdings, Inc operates as a travel technology company in the leisure and corporate travel markets in the United States and internationally. The company operates through two segments, Travel Marketplace and SaaS Platform. The Travel Marketplace segment primarily engages in sale of airline tickets through its platform.

Further Reading

• Get a free copy of the StockNews.com research report on Mondee (MOND)
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