Luokung Technology (NASDAQ:LKCO) Shares Down 10.7%

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Shares of Luokung Technology Corp. (NASDAQ:LKCO) dropped 10.7% during trading on Tuesday . The stock traded as low as $1.42 and last traded at $1.92. Approximately 29,495,127 shares traded hands during trading, an increase of 50% from the average daily volume of 19,693,467 shares. The stock had previously closed at $2.15.

The business’s 50-day simple moving average is $1.03.

Luokung Technology Company Profile (NASDAQ:LKCO)

Luokung Technology Corp., through its subsidiaries, provides location-based services and mobile application products for long distance travelers in the People's Republic of China. It offers Luokuang mobile application, a content and service distribution platform that provides content and services, such as information, entertainment, travel, e-commerce, online to offline, advertisement, and other marketing features.

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