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XCHG (NASDAQ:XCH) Stock Price Up 3.4% - Here's What Happened

XCHG logo with Computer and Technology background

XCHG Limited (NASDAQ:XCH - Get Free Report) shares shot up 3.4% during mid-day trading on Wednesday . The stock traded as high as $1.53 and last traded at $1.50. 63,128 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 245,458 shares. The stock had previously closed at $1.45.

XCHG Stock Up 3.4%

The company has a 50 day simple moving average of $1.31 and a 200-day simple moving average of $2.98.

Institutional Trading of XCHG

An institutional investor recently bought a new position in XCHG stock. XTX Topco Ltd bought a new position in shares of XCHG Limited (NASDAQ:XCH - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 46,520 shares of the company's stock, valued at approximately $58,000.

About XCHG

(Get Free Report)

XCHG Limited engages in designing, manufacturing, and selling of electric vehicle (EV) chargers under the X-Charge brand name in Europe, the People's Republic of China, and internationally. The company offers direct current (DC) fast chargers under the C6 series and C7 series; and battery-integrated DC fast chargers under the Net Zero series, as well as software system upgrades and hardware maintenance services.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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