Universal Music Group (OTCMKTS:UNVGY) Trading Down 1.2% – Here’s Why

Universal Music Group (OTCMKTS:UNVGY) shares were down 1.2% during trading on Thursday . The company traded as low as $12.56 and last traded at $12.63. Approximately 294,033 shares were traded during mid-day trading, a decline of 31% from the average daily volume of 427,493 shares. The stock had previously closed at $12.78.

Universal Music Group Stock Down 1.2%

The company’s 50 day moving average is $12.79 and its 200-day moving average is $13.82.

About Universal Music Group

Universal Music Group (OTCMKTS: UNVGY) is a leading global music company that operates across the recorded music, music publishing, and merchandising sectors. The company signs, develops, and manages artists and songwriters, producing and distributing sound recordings and music videos. It holds a diverse catalogue spanning all major genres, representing both established superstars and emerging talent through renowned labels such as Interscope Geffen A&M, Capitol Music Group, Def Jam Recordings and Decca Records.

In its recorded music division, Universal Music Group collaborates with artists to create and market new releases, overseeing physical and digital distribution, licensing, and promotional activities.