NWTN Inc. (NASDAQ:NWTN – Get Free Report)’s stock price traded down 9.1% on Friday . The company traded as low as $0.61 and last traded at $0.64. 12,264 shares traded hands during trading, a decline of 46% from the average session volume of 22,861 shares. The stock had previously closed at $0.70.
NWTN Trading Down 9.1 %
The business has a 50-day moving average price of $0.78 and a two-hundred day moving average price of $0.89.
Hedge Funds Weigh In On NWTN
A hedge fund recently bought a new stake in NWTN stock. Y Intercept Hong Kong Ltd purchased a new position in shares of NWTN Inc. (NASDAQ:NWTN – Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 179,300 shares of the company’s stock, valued at approximately $126,000. 0.20% of the stock is currently owned by hedge funds and other institutional investors.
About NWTN
NWTN Inc operates as a smart passenger vehicle company, provides passenger-centric mobility and green energy solutions in the United States, the United Arab Emirates, and Mainland China. The company develops electric vehicles, including Supersport coupe; and smart passenger vehicles, such as MUSE and ADA.
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