WeRide Inc. (NASDAQ:WRD - Get Free Report) shares saw unusually-strong trading volume on Wednesday . Approximately 14,496,944 shares changed hands during mid-day trading, an increase of 164% from the previous session's volume of 5,495,500 shares.The stock last traded at $9.57 and had previously closed at $8.45.
WeRide Stock Up 23.6%
The firm's 50-day simple moving average is $10.70.
WeRide (NASDAQ:WRD - Get Free Report) last posted its quarterly earnings results on Wednesday, May 21st. The company reported ($0.18) EPS for the quarter. As a group, equities analysts expect that WeRide Inc. will post -0.68 EPS for the current year.
Hedge Funds Weigh In On WeRide
Several hedge funds and other institutional investors have recently made changes to their positions in WRD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of WeRide during the 1st quarter worth approximately $40,315,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in WeRide during the first quarter worth $12,178,000. Virtu Financial LLC acquired a new stake in shares of WeRide in the 1st quarter valued at $723,000. Concurrent Investment Advisors LLC bought a new position in shares of WeRide in the 1st quarter valued at $201,000. Finally, OLD Mission Capital LLC bought a new position in shares of WeRide in the 1st quarter valued at $182,000.
About WeRide
(
Get Free Report)
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.
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