Tuya Inc. (NYSE:TUYA - Get Free Report) shares fell 10.2% on Wednesday . The company traded as low as $2.64 and last traded at $2.68. 948,150 shares traded hands during mid-day trading, a decline of 39% from the average session volume of 1,562,590 shares. The stock had previously closed at $2.98.
Tuya Stock Performance
The company has a fifty day simple moving average of $2.00 and a 200-day simple moving average of $1.71.
Institutional Investors Weigh In On Tuya
Several hedge funds have recently made changes to their positions in the company. Jane Street Group LLC raised its stake in Tuya by 2,493.1% during the 3rd quarter. Jane Street Group LLC now owns 691,655 shares of the company's stock valued at $1,141,000 after purchasing an additional 664,982 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Tuya by 91.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 633,686 shares of the company's stock valued at $1,046,000 after buying an additional 302,261 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in shares of Tuya during the 3rd quarter valued at $772,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Tuya by 60.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 350,116 shares of the company's stock worth $578,000 after acquiring an additional 132,200 shares during the last quarter. Finally, Barclays PLC increased its stake in shares of Tuya by 3.6% in the third quarter. Barclays PLC now owns 270,843 shares of the company's stock worth $447,000 after acquiring an additional 9,307 shares during the last quarter. Hedge funds and other institutional investors own 11.47% of the company's stock.
Tuya Company Profile
(
Get Free Report)
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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