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VinFast Auto (NASDAQ:VFS) Trading Down 6.8% - Here's What Happened

VinFast Auto logo with Auto/Tires/Trucks background
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VinFast Auto Ltd. (NASDAQ:VFS - Get Free Report)'s stock price fell 6.8% on Wednesday . The stock traded as low as $3.24 and last traded at $3.30. 1,201,123 shares were traded during trading, a decline of 17% from the average session volume of 1,448,238 shares. The stock had previously closed at $3.54.

VinFast Auto Stock Down 5.0 %

The company's fifty day moving average price is $3.89 and its two-hundred day moving average price is $3.94. The company has a market cap of $7.13 billion, a price-to-earnings ratio of -2.77 and a beta of 0.93.

Institutional Trading of VinFast Auto

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC acquired a new position in shares of VinFast Auto during the 4th quarter worth about $26,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of VinFast Auto in the fourth quarter valued at about $29,000. GSA Capital Partners LLP acquired a new stake in shares of VinFast Auto in the third quarter valued at approximately $44,000. Walleye Trading LLC acquired a new position in VinFast Auto in the 4th quarter valued at $46,000. Finally, XTX Topco Ltd acquired a new position in VinFast Auto in the third quarter valued at about $48,000.

About VinFast Auto

(Get Free Report)

VinFast Auto Ltd. engages in the design and manufacture of electric vehicles (EV), e-scooters, and e-buses in Vietnam, Canada, and the United States. The company operates through three segments: Automobiles, E-scooter, and Spare Parts & Aftermarket Services. The Automobiles segment offers design, development, manufacturing, and sale of cars and electric buses, and related battery lease and battery charging services for electric cars and buses.

Further Reading

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