Sphere 3D (NASDAQ:ANY) Share Price Passes Above Fifty Day Moving Average of $1.34

Sphere 3D Corp (NASDAQ:ANY)’s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $1.34 and traded as high as $1.34. Sphere 3D shares last traded at $1.34, with a volume of 100 shares traded.

Separately, ValuEngine upgraded shares of Sphere 3D from a “hold” rating to a “buy” rating in a research report on Tuesday, July 2nd.

The business’s 50-day moving average is $1.34 and its 200 day moving average is $1.92.

An institutional investor recently raised its position in Sphere 3D stock. Morgan Stanley raised its position in Sphere 3D Corp (NASDAQ:ANY) by 1,003.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,117 shares of the technology company’s stock after acquiring an additional 33,754 shares during the quarter. Morgan Stanley owned approximately 1.61% of Sphere 3D worth $58,000 at the end of the most recent quarter. 7.87% of the stock is currently owned by institutional investors.

Sphere 3D Company Profile (NASDAQ:ANY)

Sphere 3D Corp. provides data management, and desktop and application virtualization solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It enables organizations to deploy a combination of public, private, or hybrid cloud strategies through containerized applications, virtual desktops, virtual storage, and physical hyper-converged platforms.

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