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XCHG (NASDAQ:XCH) Shares Gap Down - Here's Why

XCHG logo with Computer and Technology background
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XCHG Limited (NASDAQ:XCH - Get Free Report) shares gapped down prior to trading on Friday . The stock had previously closed at $1.45, but opened at $1.37. XCHG shares last traded at $1.36, with a volume of 28,565 shares traded.

XCHG Stock Performance

The stock's 50-day moving average is $1.99.

XCHG (NASDAQ:XCH - Get Free Report) last issued its earnings results on Friday, December 13th. The company reported ($0.08) earnings per share for the quarter.

Institutional Investors Weigh In On XCHG

An institutional investor recently bought a new position in XCHG stock. HHM Wealth Advisors LLC bought a new stake in shares of XCHG Limited (NASDAQ:XCH - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 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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