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NWTN (NASDAQ:NWTN) Sees Strong Trading Volume - Should You Buy?

NWTN logo with Business Services background

NWTN Inc. (NASDAQ:NWTN - Get Free Report) shares saw strong trading volume on Tuesday . 380,379 shares were traded during mid-day trading, a decline of 27% from the previous session's volume of 520,966 shares.The stock last traded at $1.95 and had previously closed at $1.69.

NWTN Price Performance

The stock's 50 day moving average price is $0.80 and its two-hundred day moving average price is $0.81.

Institutional Trading of NWTN

An institutional investor recently bought a new position in NWTN stock. Y Intercept Hong Kong Ltd acquired a new position in NWTN Inc. (NASDAQ:NWTN - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 179,300 shares of the company's stock, valued at approximately $126,000. 0.20% of the stock is currently owned by institutional investors.

NWTN Company Profile

(Get Free Report)

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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