XCHG (NASDAQ:XCH) Trading Down 2.7% – Time to Sell?

Shares of XCHG Limited (NASDAQ:XCHGet Free Report) were down 2.7% during mid-day trading on Monday . The stock traded as low as $1.40 and last traded at $1.36. Approximately 1,903 shares traded hands during trading, a decline of 99% from the average daily volume of 339,390 shares. The stock had previously closed at $1.40.

XCHG Price Performance

The company’s 50-day simple moving average is $1.22.

Institutional Trading of XCHG

An institutional investor recently bought a new position in XCHG stock. HHM Wealth Advisors LLC bought a new position in XCHG Limited (NASDAQ:XCHFree Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 63,692 shares of the company’s stock, valued at approximately $129,000.

XCHG Company Profile

(Get Free Report)

XCHG Limited engages in designing, manufacturing, and selling of electric vehicle (EV) chargers under the X-Charge brand name in Europe, the People’s Republic of China, and internationally. The company offers direct current (DC) fast chargers under the C6 series and C7 series; and battery-integrated DC fast chargers under the Net Zero series, as well as software system upgrades and hardware maintenance services.

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