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XCHG (NASDAQ:XCH) Stock Price Up 7.5% - Time to Buy?

XCHG logo with Computer and Technology background

Key Points

  • XCHG Limited's stock price increased by 7.5% during mid-day trading, closing at $1.29, following a previous close of $1.20.
  • A new institutional stake has been acquired by XTX Topco Ltd, purchasing 46,520 shares valued at approximately $58,000 in the first quarter.
  • XCHG Limited specializes in designing and manufacturing electric vehicle chargers and is involved in markets in Europe and China.
  • Five stocks to consider instead of XCHG.

XCHG Limited (NASDAQ:XCH - Get Free Report) rose 7.5% during mid-day trading on Tuesday . The stock traded as high as $1.30 and last traded at $1.29. Approximately 9,373 shares changed hands during trading, a decline of 72% from the average daily volume of 33,107 shares. The stock had previously closed at $1.20.

XCHG Trading Up 7.5%

The firm has a 50-day simple moving average of $1.26 and a 200-day simple moving average of $1.28.

Institutional Trading of XCHG

A hedge fund recently bought a new stake in XCHG stock. XTX Topco Ltd acquired a new stake in XCHG Limited (NASDAQ:XCH - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 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.

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