Lotus Technology Inc. (NASDAQ:LOT - Get Free Report)'s share price traded up 8.5% during mid-day trading on Tuesday . The stock traded as high as $2.54 and last traded at $2.61. 8,007 shares were traded during trading, a decline of 94% from the average session volume of 135,853 shares. The stock had previously closed at $2.40.
Lotus Technology Price Performance
The company has a market capitalization of $1.44 billion, a PE ratio of -1.37 and a beta of 0.10. The business's 50 day simple moving average is $3.13 and its 200 day simple moving average is $4.13.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Tidal Investments LLC raised its position in Lotus Technology by 39.0% in the fourth quarter. Tidal Investments LLC now owns 110,270 shares of the company's stock valued at $401,000 after purchasing an additional 30,933 shares during the period. Bank of America Corp DE increased its position in shares of Lotus Technology by 178.8% during the 4th quarter. Bank of America Corp DE now owns 7,560 shares of the company's stock worth $27,000 after purchasing an additional 4,848 shares during the last quarter. Jane Street Group LLC purchased a new stake in Lotus Technology in the 4th quarter valued at about $37,000. Marshall Wace LLP purchased a new stake in Lotus Technology in the 4th quarter valued at about $63,000. Finally, Mariner LLC acquired a new position in Lotus Technology in the fourth quarter valued at about $1,426,000. 63.40% of the stock is currently owned by institutional investors and hedge funds.
Lotus Technology Company Profile
(
Get Free Report)
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.
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