Lotus Technology Inc. (NASDAQ:LOT - Get Free Report)'s share price shot up 2.5% during trading on Tuesday . The company traded as high as $1.68 and last traded at $1.64. 8,275 shares changed hands during mid-day trading, a decline of 94% from the average session volume of 146,928 shares. The stock had previously closed at $1.60.
Lotus Technology Stock Performance
The stock has a market cap of $937.97 million, a PE ratio of -0.89 and a beta of 0.28. The firm's 50-day moving average is $2.14 and its 200 day moving average is $3.46.
Institutional Investors Weigh In On Lotus Technology
Hedge funds have recently made changes to their positions in the business. Bank of America Corp DE increased its position in 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 acquiring an additional 4,848 shares during the period. JPMorgan Chase & Co. acquired a new position in shares of Lotus Technology in the third quarter valued at approximately $32,000. Jane Street Group LLC purchased a new stake in shares of Lotus Technology during the fourth quarter worth approximately $37,000. Merit Financial Group LLC acquired a new stake in shares of Lotus Technology during the fourth quarter worth $46,000. Finally, Bleakley Financial Group LLC purchased a new position in Lotus Technology in the 4th quarter valued at $48,000. Institutional investors and hedge funds own 63.40% of the company's stock.
About Lotus Technology
(
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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