WeRide Inc. (NASDAQ:WRD - Get Free Report) saw unusually large options trading activity on Tuesday. Stock investors purchased 11,369 call options on the company. This represents an increase of approximately 71% compared to the average daily volume of 6,638 call options.
WeRide Price Performance
NASDAQ WRD traded down $0.38 during trading on Thursday, reaching $10.17. 31,895,955 shares of the company's stock were exchanged, compared to its average volume of 7,286,709. The stock has a 50 day simple moving average of $9.73. 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 earnings results on Wednesday, May 21st. The company reported ($0.18) earnings per share for the quarter. The company had revenue of $9.98 million during the quarter. As a group, equities research analysts expect that WeRide will post -0.68 earnings per share for the current year.
WeRide announced that its Board of Directors has approved a stock buyback program on Wednesday, May 21st that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company's board of directors believes its shares are undervalued.
Hedge Funds Weigh In On WeRide
Several large investors have recently bought and sold shares of the stock. NewEdge Advisors LLC purchased a new stake in shares of WeRide in the 1st quarter valued at about $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in WeRide in the first quarter valued at approximately $40,315,000. OLD Mission Capital LLC acquired a new stake in shares of WeRide in the first quarter valued at approximately $182,000. Gordian Capital Singapore Pte Ltd purchased a new stake in WeRide in the 1st quarter valued at $56,000. Finally, Virtu Financial LLC acquired a new stake in WeRide during the 1st quarter worth $723,000.
Analyst Ratings Changes
Separately, Wall Street Zen raised shares of WeRide from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd.
Read Our Latest Stock Report on WeRide
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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