Gravity (GRVY) Hits New 12-Month High at $90.70

Gravity Co., LTD. (NASDAQ:GRVY) reached a new 52-week high on Wednesday . The stock traded as high as $90.70 and last traded at $89.90, with a volume of 933 shares. The stock had previously closed at $83.40.

GRVY has been the subject of a number of recent research reports. BidaskClub raised shares of Gravity from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 17th. ValuEngine raised shares of Gravity from a “hold” rating to a “buy” rating in a research report on Wednesday, March 20th.

Several large investors have recently made changes to their positions in the stock. Morgan Stanley grew its position in shares of Gravity by 110.6% during the 3rd quarter. Morgan Stanley now owns 303,316 shares of the technology company’s stock valued at $5,429,000 after buying an additional 159,325 shares during the last quarter. Acadian Asset Management LLC grew its position in shares of Gravity by 34.6% during the 1st quarter. Acadian Asset Management LLC now owns 31,006 shares of the technology company’s stock valued at $1,999,000 after buying an additional 7,968 shares during the last quarter. Handelsbanken Fonder AB bought a new stake in shares of Gravity during the 1st quarter valued at about $966,000. ETF Managers Group LLC grew its position in shares of Gravity by 8.8% during the 1st quarter. ETF Managers Group LLC now owns 9,469 shares of the technology company’s stock valued at $610,000 after buying an additional 769 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new stake in shares of Gravity during the 1st quarter valued at about $240,000.

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About Gravity (NASDAQ:GRVY)

Gravity Co, Ltd. develops, publishes, and distributes online games in South Korea, Japan, the United States, Canada, Taiwan, the Philippines, Thailand, Hong Kong, Macau, China, and internationally. It offers online games; mobile games and applications; and other games and game-related products and services, including character-based merchandise and animation.

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