Sphere 3D (NASDAQ:ANY) Shares Cross Above Fifty Day Moving Average of $1.42

Sphere 3D Corp (NASDAQ:ANY)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $1.42 and traded as high as $1.34. Sphere 3D shares last traded at $1.34, with a volume of 300 shares trading hands.

Separately, ValuEngine raised shares of Sphere 3D from a “hold” rating to a “buy” rating in a research report on Tuesday, July 2nd.

The stock’s 50-day moving average price is $1.42 and its 200-day moving average price is $2.07.

An institutional investor recently raised its position in Sphere 3D stock. Morgan Stanley boosted its stake in Sphere 3D Corp (NASDAQ:ANY) by 1,003.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,117 shares of the technology company’s stock after purchasing an additional 33,754 shares during the quarter. Morgan Stanley owned about 1.61% of Sphere 3D worth $58,000 at the end of the most recent reporting period. Institutional investors own 12.25% of the company’s stock.

Sphere 3D Company Profile (NASDAQ:ANY)

Sphere 3D Corp. provides data management, and desktop and application virtualization solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It enables organizations to deploy a combination of public, private, or hybrid cloud strategies through containerized applications, virtual desktops, virtual storage, and physical hyper-converged platforms.

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