Shares of NWTN Inc. (NASDAQ:NWTN - Get Free Report) traded down 7.9% during mid-day trading on Wednesday . The company traded as low as $1.16 and last traded at $1.28. 2,467,312 shares were traded during mid-day trading, an increase of 513% from the average session volume of 402,367 shares. The stock had previously closed at $1.39.
Analyst Ratings Changes
Separately, Wall Street Zen upgraded NWTN to a "hold" rating in a research note on Friday, June 27th.
Read Our Latest Analysis on NWTN
NWTN Trading Up 18.2%
The firm's 50-day moving average is $1.44 and its 200-day moving average is $1.10.
Institutional Trading of NWTN
A hedge fund recently raised its stake in NWTN stock. Geode Capital Management LLC boosted its holdings in shares of NWTN Inc. (NASDAQ:NWTN - Free Report) by 16.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 220,348 shares of the company's stock after buying an additional 31,004 shares during the quarter. Geode Capital Management LLC owned approximately 0.09% of NWTN worth $353,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 0.20% of the company's stock.
About NWTN
(
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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