Chijet Motor (NASDAQ:CJET) Shares Gap Down to $8.10

Chijet Motor Company, Inc. (NASDAQ:CJETGet Free Report)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $8.10, but opened at $7.08. Chijet Motor shares last traded at $6.25, with a volume of 24,973 shares.

Chijet Motor Stock Performance

The stock has a 50-day moving average of $0.37 and a 200-day moving average of $0.45.

Shares of Chijet Motor are going to reverse split on Wednesday, July 31st. The 1-30 reverse split was announced on Friday, June 28th. The number of shares owned by shareholders will be adjusted after the market closes on Tuesday, July 30th.

Institutional Investors Weigh In On Chijet Motor

An institutional investor recently raised its position in Chijet Motor stock. Walleye Trading LLC lifted its position in shares of Chijet Motor Company, Inc. (NASDAQ:CJETFree Report) by 772.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 500,134 shares of the company’s stock after acquiring an additional 442,784 shares during the quarter. Walleye Trading LLC owned approximately 2.75% of Chijet Motor worth $835,000 at the end of the most recent reporting period.

Chijet Motor Company Profile

(Get Free Report)

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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