Chijet Motor (NASDAQ:CJET) Sees Unusually-High Trading Volume

Chijet Motor Company, Inc. (NASDAQ:CJETGet Free Report) shares saw strong trading volume on Tuesday . 27,582 shares changed hands during trading, an increase of 67% from the previous session’s volume of 16,470 shares.The stock last traded at $6.59 and had previously closed at $6.00.

Chijet Motor Trading Down 14.9 %

The firm’s fifty day moving average price is $0.70 and its 200-day moving average price is $0.56.

Chijet Motor’s stock is going to reverse split on the morning of 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 closing bell 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 raised its holdings in Chijet Motor Company, Inc. (NASDAQ:CJETFree Report) by 772.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 500,134 shares of the company’s stock after acquiring an additional 442,784 shares during the quarter. Walleye Trading LLC owned 2.75% of Chijet Motor worth $835,000 as of its most recent filing with the Securities and Exchange Commission.

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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