Global Blue Group (NYSE:GB) Shares Gap Up to $6.44

Shares of Global Blue Group Holding AG (NYSE:GB) gapped up before the market opened on Tuesday . The stock had previously closed at $6.44, but opened at $6.68. Global Blue Group shares last traded at $6.68, with a volume of 100 shares.

The business’s 50 day moving average is $6.78 and its 200 day moving average is $9.10.

Hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC purchased a new position in shares of Global Blue Group during the 1st quarter worth about $129,000. Wells Fargo & Company MN boosted its stake in shares of Global Blue Group by 106.2% during the 2nd quarter. Wells Fargo & Company MN now owns 111,777 shares of the company’s stock worth $1,109,000 after purchasing an additional 57,579 shares during the period. WCM Investment Management LLC boosted its stake in shares of Global Blue Group by 33.9% during the 1st quarter. WCM Investment Management LLC now owns 1,840,615 shares of the company’s stock worth $22,419,000 after purchasing an additional 465,773 shares during the period. Alyeska Investment Group L.P. purchased a new position in shares of Global Blue Group during the 1st quarter worth about $23,200,000. Finally, Partners Group Holding AG purchased a new position in shares of Global Blue Group during the 1st quarter worth about $33,753,000. 84.97% of the stock is owned by hedge funds and other institutional investors.

About Global Blue Group (NYSE:GB)

Global Blue Group Holding AG provides technology-enabled transaction processing services for merchants, banks, governments, and travelers worldwide. The company operates through two segments, Tax Free Shopping Technology Solutions (TFSS) and Added-Value Payment Solutions (AVPS). It offers TFSS, a value added tax (VAT) refund service that allows eligible shoppers to reclaim VAT on goods purchased outside of their home country.

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