RLX Technology Inc. (NYSE:RLX - Get Free Report) fell 8.8% during mid-day trading on Monday . The company traded as low as $2.22 and last traded at $2.22. 3,536,386 shares were traded during trading, a decline of 29% from the average session volume of 4,998,021 shares. The stock had previously closed at $2.43.
RLX Technology Trading Up 1.1 %
The business's 50 day simple moving average is $2.22 and its two-hundred day simple moving average is $1.90. The firm has a market capitalization of $3.73 billion, a PE ratio of 59.39 and a beta of 0.97.
Hedge Funds Weigh In On RLX Technology
Institutional investors have recently added to or reduced their stakes in the company. First Beijing Investment Ltd increased its stake in RLX Technology by 33.6% in the third quarter. First Beijing Investment Ltd now owns 28,440,248 shares of the company's stock worth $51,477,000 after purchasing an additional 7,159,064 shares during the period. BRIGHT VALLEY CAPITAL Ltd bought a new position in RLX Technology in the fourth quarter worth about $19,297,000. Barclays PLC raised its stake in shares of RLX Technology by 5,047.4% during the 4th quarter. Barclays PLC now owns 5,686,433 shares of the company's stock worth $12,282,000 after acquiring an additional 5,575,962 shares in the last quarter. Oasis Management Co Ltd. lifted its position in RLX Technology by 9.5% during the fourth quarter. Oasis Management Co Ltd. now owns 5,592,665 shares of the company's stock valued at $12,080,000 after acquiring an additional 484,542 shares during the last quarter. Finally, Nomura Holdings Inc. grew its holdings in RLX Technology by 86.1% in the fourth quarter. Nomura Holdings Inc. now owns 3,600,987 shares of the company's stock worth $7,778,000 after purchasing an additional 1,665,518 shares during the last quarter. Hedge funds and other institutional investors own 22.68% of the company's stock.
RLX Technology Company Profile
(
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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