WeRide Target of Unusually High Options Trading (NASDAQ:WRD)

WeRide Inc. (NASDAQ:WRD - Get Free Report) saw some unusual options trading activity on Monday. Traders bought 3,199 call options on the company. This is an increase of approximately 201% compared to the typical volume of 1,064 call options.

WeRide Price Performance

Shares of WRD stock traded down $0.25 during trading hours on Friday, hitting $8.02. 23,260,065 shares of the company were exchanged, compared to its average volume of 3,981,737. The business's fifty day moving average price is $11.73. WeRide has a 1 year low of $6.03 and a 1 year high of $44.00.

WeRide (NASDAQ:WRD - Get Free Report) last posted its quarterly earnings results on Friday, March 14th. The company reported ($0.29) earnings per share for the quarter. The business had revenue of $19.29 million for the quarter. Analysts expect that WeRide will post -0.68 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in WeRide stock. Concurrent Investment Advisors LLC acquired a new stake in WeRide Inc. (NASDAQ:WRD - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 14,776 shares of the company's stock, valued at approximately $201,000.

WeRide Company Profile

WeRide, Inc engages in the development of an autonomous driving technology platform. It offers Robotaxi, Robobus, Robovan, Robosweeper, and advanced driving solutions, providing smart services in online ride-hailing, on-demand transport, urban logistics, and environmental sanitation. The company was founded by Tony Xu Han and Yan Li in February 2017 and is headquartered in Guangzhou, China.