SIGNA Sports United (NYSE:SSU) Shares Gap Down to $6.01

SIGNA Sports United (NYSE:SSU – Get Rating)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $6.01, but opened at $5.80. SIGNA Sports United shares last traded at $5.80, with a volume of 31 shares trading hands.

SIGNA Sports United Price Performance

The firm has a 50-day simple moving average of $6.13 and a 200 day simple moving average of $7.22.

Hedge Funds Weigh In On SIGNA Sports United

A number of hedge funds have recently made changes to their positions in SSU. SB Management Ltd bought a new position in shares of SIGNA Sports United during the fourth quarter worth about $42,400,000. Blair William & Co. IL bought a new position in shares of SIGNA Sports United during the fourth quarter worth about $5,082,000. Finally, Kepos Capital LP bought a new position in shares of SIGNA Sports United during the fourth quarter worth about $823,000. 16.15% of the stock is currently owned by institutional investors.

About SIGNA Sports United

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SIGNA Sports United N.V. operates online sports web shops in the European Union, Switzerland, Norway, the United Kingdom, and the United States. Its product categories include bike, tennis/racket sports, outdoor, and team sports and athleisure. The company is headquartered in Berlin, Germany.

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