Shares of Full Truck Alliance Co. Ltd. (NYSE:YMM – Get 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.
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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