Chijet Motor (NASDAQ:CJET) Stock Price Down 11.2%

Shares of Chijet Motor Company, Inc. (NASDAQ:CJETGet Free Report) were down 11.2% on Wednesday . The stock traded as low as $0.37 and last traded at $0.39. Approximately 50,355 shares changed hands during trading, a decline of 74% from the average daily volume of 197,375 shares. The stock had previously closed at $0.44.

Chijet Motor Stock Performance

The firm has a 50 day moving average of $0.38 and a two-hundred day moving average of $0.59.

Institutional Investors Weigh In On Chijet Motor

Several institutional investors have recently added to or reduced their stakes in CJET. Walleye Capital LLC increased its position in Chijet Motor by 772.1% during the third quarter. Walleye Capital LLC now owns 889,127 shares of the company’s stock worth $1,485,000 after buying an additional 787,172 shares during the period. Walleye Trading LLC increased its position in Chijet Motor by 772.1% during the third quarter. Walleye Trading LLC now owns 500,134 shares of the company’s stock worth $835,000 after buying an additional 442,784 shares during the period. Finally, Bluefin Capital Management LLC increased its position in Chijet Motor by 64.3% during the third quarter. Bluefin Capital Management LLC now owns 570,083 shares of the company’s stock worth $952,000 after buying an additional 223,166 shares during the period.

About Chijet Motor

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Chijet Motor Company, Inc engages in the research and development, production, and sale of new energy vehicles. It offers battery electric vehicles, plug-in hybrid electric vehicles, and fuel cell electric vehicles. The company was founded in 2021 and is based in Grand Cayman, the Cayman Islands.

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