Full Truck Alliance Co. Ltd. (NYSE:YMM - Get Free Report)'s share price gapped down before the market opened on Thursday . The stock had previously closed at $10.82, but opened at $10.60. Full Truck Alliance shares last traded at $10.77, with a volume of 815,636 shares traded.
Wall Street Analyst Weigh In
YMM has been the subject of several research analyst reports. Citigroup lifted their price objective on shares of Full Truck Alliance from $13.00 to $15.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. JPMorgan Chase & Co. cut shares of Full Truck Alliance from an "overweight" rating to a "neutral" rating and lifted their price objective for the company from $12.00 to $13.00 in a report on Wednesday, December 11th.
Check Out Our Latest Stock Analysis on Full Truck Alliance
Full Truck Alliance Stock Performance
The stock has a market capitalization of $11.40 billion, a PE ratio of 25.76 and a beta of 0.28. The stock's fifty day simple moving average is $9.97 and its 200-day simple moving average is $8.74.
Hedge Funds Weigh In On Full Truck Alliance
Several hedge funds have recently modified their holdings of YMM. Blue Trust Inc. boosted its stake in Full Truck Alliance by 109.5% in the third quarter. Blue Trust Inc. now owns 9,999 shares of the company's stock valued at $90,000 after acquiring an additional 5,226 shares during the last quarter. Aigen Investment Management LP purchased a new position in Full Truck Alliance in the third quarter valued at approximately $151,000. Scientech Research LLC bought a new position in Full Truck Alliance during the second quarter valued at $156,000. Crossmark Global Holdings Inc. purchased a new stake in Full Truck Alliance in the second quarter worth $167,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Full Truck Alliance in the third quarter valued at $207,000. Institutional investors own 39.02% of the company's stock.
About Full Truck Alliance
(
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Full Truck Alliance Co Ltd., together with its subsidiaries, operates a digital freight platform that connects shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types in the People's Republic of China. The company offers freight matching services, such as freight listing and brokerage services; and online transaction services, as well as various value-added services, such as credit solutions, insurance brokerage, software solutions, electronic toll collection, and energy services.
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