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XCHG (NASDAQ:XCH) Trading Down 2.7% - Here's What Happened

XCHG logo with Computer and Technology background
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XCHG Limited (NASDAQ:XCH - Get Free Report) shares dropped 2.7% during trading on Monday . The company traded as low as $1.40 and last traded at $1.36. Approximately 1,903 shares changed hands during trading, a decline of 99% from the average daily volume of 339,390 shares. The stock had previously closed at $1.40.

XCHG Price Performance

The stock has a fifty day simple moving average of $1.21.

Hedge Funds Weigh In On XCHG

A hedge fund recently bought a new stake in XCHG stock. HHM Wealth Advisors LLC acquired a new position in XCHG Limited (NASDAQ:XCH - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 63,692 shares of the company's stock, valued at approximately $129,000.

About XCHG

(Get Free Report)

XCHG Limited engages in designing, manufacturing, and selling of electric vehicle (EV) chargers under the X-Charge brand name in Europe, the People's Republic of China, and internationally. The company offers direct current (DC) fast chargers under the C6 series and C7 series; and battery-integrated DC fast chargers under the Net Zero series, as well as software system upgrades and hardware maintenance services.

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