NWTN (NASDAQ:NWTN) Sees Large Volume Increase – Should You Buy?

Shares of NWTN Inc. (NASDAQ:NWTNGet Free Report) saw an uptick in trading volume on Tuesday . 1,802,790 shares changed hands during trading, an increase of 264% from the previous session’s volume of 495,548 shares.The stock last traded at $2.43 and had previously closed at $2.72.

NWTN Stock Performance

The firm has a 50 day moving average of $0.60 and a 200 day moving average of $0.77.

Institutional Trading of NWTN

An institutional investor recently bought a new position in NWTN stock. Y Intercept Hong Kong Ltd purchased a new stake in NWTN Inc. (NASDAQ:NWTNFree Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 179,300 shares of the company’s stock, valued at approximately $126,000. Hedge funds and other institutional investors own 0.20% of the company’s stock.

NWTN Company Profile

(Get Free Report)

NWTN Inc operates as a smart passenger vehicle company, provides passenger-centric mobility and green energy solutions in the United States, the United Arab Emirates, and Mainland China. The company develops electric vehicles, including Supersport coupe; and smart passenger vehicles, such as MUSE and ADA.

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