Kaixin Auto (NASDAQ:KXIN) Trading Down 3.4%

Kaixin Auto Holdings (NASDAQ:KXINGet Free Report)’s share price fell 3.4% during trading on Wednesday . The company traded as low as $0.17 and last traded at $0.17. 213,421 shares were traded during trading, a decline of 77% from the average session volume of 935,828 shares. The stock had previously closed at $0.18.

Kaixin Auto Stock Performance

The stock’s 50 day moving average price is $0.27 and its 200 day moving average price is $1.02.

Hedge Funds Weigh In On Kaixin Auto

An institutional investor recently bought a new position in Kaixin Auto stock. Renaissance Technologies LLC bought a new stake in Kaixin Auto Holdings (NASDAQ:KXINFree Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 68,600 shares of the company’s stock, valued at approximately $37,000. 2.03% of the stock is currently owned by institutional investors.

Kaixin Auto Company Profile

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Kaixin Auto Holdings primarily engages in the sale of domestic and imported automobiles in the People's Republic of China. It focuses on automobiles brands, such as Audi, BMW, Mercedes-Benz, Land Rover, Bentley, Rolls-Royce, and Porsche. The company is headquartered in Beijing, the People's Republic of China.

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