Lenovo Group (OTCMKTS:LNVGF) Trading Up 2.6% – Here’s Why

Lenovo Group Limited (OTCMKTS:LNVGF) shares were up 2.6% during mid-day trading on Tuesday . The stock traded as high as $1.2880 and last traded at $1.2880. Approximately 1,707 shares traded hands during trading, a decline of 98% from the average daily volume of 79,573 shares. The stock had previously closed at $1.2548.

Lenovo Group Trading Up 2.6%

The firm’s 50-day moving average price is $1.42 and its 200 day moving average price is $1.36.

Hedge Funds Weigh In On Lenovo Group

An institutional investor recently bought a new position in Lenovo Group stock. Boston Common Asset Management LLC purchased a new stake in shares of Lenovo Group Limited (OTCMKTS:LNVGF) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 2,287,184 shares of the company’s stock, valued at approximately $2,745,000. 23.25% of the stock is owned by hedge funds and other institutional investors.

About Lenovo Group

Lenovo Group Limited, an investment holding company, develops, manufactures, and markets technology products and services. It operates through Intelligent Devices Group, Infrastructure Solutions Group, and Solutions and Services Group segments. The company offers commercial and consumer personal computers, as well as servers and workstations; and a family of mobile Internet devices, including tablets and smartphones.