Shares of RLX Technology Inc. (NYSE:RLX - Get Free Report) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $2.69 and last traded at $2.60, with a volume of 6410263 shares. The stock had previously closed at $2.32.
RLX Technology Trading Down 1.5 %
The business's 50-day simple moving average is $2.21 and its 200-day simple moving average is $1.90. The company has a market cap of $3.56 billion, a PE ratio of 56.64 and a beta of 0.97.
Institutional Trading of RLX Technology
A number of institutional investors have recently bought and sold shares of the company. Point72 Asset Management L.P. increased its position in RLX Technology by 8,292.2% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,313,300 shares of the company's stock worth $2,377,000 after purchasing an additional 1,297,651 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of RLX Technology by 14.5% in the 3rd quarter. Franklin Resources Inc. now owns 293,830 shares of the company's stock valued at $497,000 after buying an additional 37,294 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in RLX Technology in the third quarter worth approximately $108,000. Point72 Hong Kong Ltd acquired a new position in RLX Technology in the third quarter worth approximately $2,386,000. Finally, SG Americas Securities LLC raised its position in RLX Technology by 7.6% during the fourth quarter. SG Americas Securities LLC now owns 303,215 shares of the company's stock valued at $655,000 after acquiring an additional 21,476 shares in the last quarter. Institutional investors and hedge funds own 22.68% of the company's stock.
About RLX Technology
(
Get Free Report)
RLX Technology Inc, together with its subsidiaries, engages in the manufacture and sale of e-vapor products in the People's Republic of China and internationally. It serves partner distributors and retail outlets. The company was founded in 2018 and is headquartered in Beijing, China.
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