XCHG (NASDAQ:XCH) Trading 0.8% Higher - Here's What Happened

Key Points

• XCHG Limited's share price increased by 0.8%, trading at $1.30 after closing at $1.29, with a notable decline in trading volume.
• An institutional investor, XTX Topco Ltd, has acquired a new position in XCHG, purchasing 46,520 shares valued at approximately $58,000.
• XCHG Limited specializes in designing and manufacturing electric vehicle chargers, particularly under the X-Charge brand, serving multiple international markets.

XCHG Limited (NASDAQ:XCH - )'s share price traded up 0.8% during trading on Wednesday . The stock traded as high as $1.34 and last traded at $1.30. 8,255 shares were traded during mid-day trading, a decline of 46% from the average session volume of 15,208 shares. The stock had previously closed at $1.29.

XCHG Price Performance

The firm has a 50-day moving average price of $1.26 and a 200 day moving average price of $1.29.

Institutional Investors Weigh In On XCHG

An institutional investor recently bought a new position in XCHG stock. XTX Topco Ltd purchased a new stake in XCHG Limited (NASDAQ:XCH - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 46,520 shares of the company's stock, valued at approximately $58,000.

XCHG Company Profile

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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