Full Truck Alliance (NYSE:YMM) Trading Down 12.3%

Shares of Full Truck Alliance Co. Ltd. (NYSE:YMMGet Rating) were down 12.3% on Monday . The stock traded as low as $7.02 and last traded at $7.02. Approximately 210,809 shares were traded during trading, a decline of 97% from the average daily volume of 7,624,755 shares. The stock had previously closed at $8.00.

Separately, Citigroup dropped their target price on Full Truck Alliance from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Thursday.

The company has a 50 day simple moving average of $6.31 and a two-hundred day simple moving average of $7.85. The firm has a market cap of $7.66 billion and a PE ratio of -5.01.

Institutional investors have recently bought and sold shares of the business. Bank of America Corp DE purchased a new stake in Full Truck Alliance during the 2nd quarter valued at about $56,000. XTX Topco Ltd acquired a new position in shares of Full Truck Alliance in the 1st quarter valued at about $67,000. Jasper Ridge Partners L.P. acquired a new position in shares of Full Truck Alliance in the 1st quarter valued at about $69,000. Flow Traders U.S. LLC acquired a new position in shares of Full Truck Alliance in the 4th quarter valued at about $110,000. Finally, Bayesian Capital Management LP acquired a new position in shares of Full Truck Alliance in the 4th quarter valued at about $115,000.

About Full Truck Alliance (NYSE:YMM)

Full Truck Alliance Co Ltd., together with its subsidiaries, operates a digital freight platform that connects shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types in the People's Republic of China. The company offers freight listing, matching, and brokerage services; and online transaction services, as well as various value-added services, such as credit solutions, insurance brokerage, electronic toll collection, and energy services.

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