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WeRide (NASDAQ:WRD) Sees Strong Trading Volume - Here's What Happened

WeRide logo with Auto/Tires/Trucks background

Shares of WeRide Inc. (NASDAQ:WRD - Get Free Report) saw an uptick in trading volume on Monday . 6,942,264 shares traded hands during trading, an increase of 75% from the previous session's volume of 3,973,494 shares.The stock last traded at $8.82 and had previously closed at $8.01.

WeRide Price Performance

The stock has a fifty day simple moving average of $11.02.

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

Institutional Trading of WeRide

Large investors have recently bought and sold shares of the company. NewEdge Advisors LLC purchased a new stake in WeRide in the first quarter worth $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in WeRide in the first quarter worth $40,315,000. OLD Mission Capital LLC purchased a new stake in WeRide in the first quarter worth $182,000. Gordian Capital Singapore Pte Ltd purchased a new stake in WeRide in the first quarter worth $56,000. Finally, Virtu Financial LLC purchased a new stake in WeRide in the first quarter worth $723,000.

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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