Tuya Inc. (NYSE:TUYA - Get Free Report) saw some unusual options trading on Tuesday. Stock investors bought 6,459 call options on the company. This is an increase of 637% compared to the typical volume of 876 call options.
Institutional Trading of Tuya
A number of large investors have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership raised its stake in Tuya by 497.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,144,103 shares of the company's stock valued at $3,838,000 after acquiring an additional 1,784,940 shares during the period. Millennium Management LLC lifted its holdings in Tuya by 35.4% during the 4th quarter. Millennium Management LLC now owns 1,992,779 shares of the company's stock worth $3,567,000 after purchasing an additional 521,515 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Tuya by 141.5% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,530,291 shares of the company's stock worth $2,739,000 after purchasing an additional 896,605 shares in the last quarter. Price T Rowe Associates Inc. MD bought a new position in Tuya in the 4th quarter worth about $2,292,000. Finally, Marshall Wace LLP grew its holdings in Tuya by 1.8% during the 4th quarter. Marshall Wace LLP now owns 1,204,026 shares of the company's stock valued at $2,155,000 after buying an additional 21,424 shares in the last quarter. Hedge funds and other institutional investors own 11.47% of the company's stock.
Tuya Stock Down 5.2 %
Tuya stock traded down $0.20 during mid-day trading on Tuesday, reaching $3.53. 3,987,884 shares of the company's stock were exchanged, compared to its average volume of 4,277,598. The firm has a market capitalization of $1.88 billion, a PE ratio of -117.50 and a beta of 0.48. Tuya has a one year low of $1.28 and a one year high of $4.63. The business's fifty day simple moving average is $2.36 and its 200 day simple moving average is $1.86.
About Tuya
(
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Tuya Inc offers purpose-built Internet of Things (IoT) cloud development platform in the People's Republic of China and internationally. The company provides platform-as-a-service that enables business, original equipment manufacturers, brands, and developers to develop, launch, manage, and monetize software-enabled smart devices and services; and industry software-as-a-service, which enables businesses to deploy, connect, and manage various types of smart devices.
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