Demand Media Inc. (NYSE:DMD) Closed Over Its 50 Day Moving Average

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Shares last traded at $6.35 a tad higher than the 50 day moving average of $5.84 and which is quite a bit above the 200 day moving average of $5.63. The 50 day moving average was up $0.51 or +8.74% whereas the 200 day average was up by +12.88%. 0 shares changed hands in the last trading session. Shares saw a steep decrease in trading volume of nan% under the normal average daily volume.

Here are a few substantial investment firms who have updated their positions. Citadel Advisors LLC reduced its stake by shedding 7,275 shares a decrease of 14.8%. Citadel Advisors LLC now controls 41,927 shares worth $210,000. The value of the position overall is down by 22.5%.