Lotus Technology Inc. (NASDAQ:LOT - Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 206,019 shares changed hands during trading, an increase of 34% from the previous session's volume of 154,100 shares.The stock last traded at $1.31 and had previously closed at $1.18.
Lotus Technology Stock Performance
The stock has a market cap of $887.17 million, a PE ratio of -0.84 and a beta of 0.28. The business has a 50-day moving average of $1.82 and a 200 day moving average of $3.21.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the business. Bank of America Corp DE boosted its holdings in shares of Lotus Technology by 178.8% in the 4th quarter. Bank of America Corp DE now owns 7,560 shares of the company's stock valued at $27,000 after purchasing an additional 4,848 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in Lotus Technology during the 3rd quarter valued at approximately $32,000. Jane Street Group LLC bought a new stake in shares of Lotus Technology in the fourth quarter worth $37,000. Merit Financial Group LLC bought a new stake in shares of Lotus Technology in the 4th quarter worth about $46,000. Finally, Bleakley Financial Group LLC acquired a new stake in Lotus Technology during the fourth quarter valued at approximately $48,000. 63.40% of the stock is currently owned by institutional investors and hedge funds.
About Lotus Technology
(
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Lotus Technology Inc engages in the design, development, and sale of battery electric lifestyle vehicles worldwide. It also distributes sports cars. The company sells its products under the Lotus brand. Lotus Technology Inc is based in Shanghai, China.
Further Reading
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