XCHG (NASDAQ:XCH) Shares Gap Down – Should You Sell?

XCHG Limited (NASDAQ:XCHGet Free Report)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $1.35, but opened at $1.31. XCHG shares last traded at $1.32, with a volume of 625 shares trading hands.

XCHG Price Performance

The company’s fifty day moving average price is $1.25 and its two-hundred day moving average price is $5.33.

Institutional Trading of XCHG

An institutional investor recently bought a new position in XCHG stock. XTX Topco Ltd bought a new stake in XCHG Limited (NASDAQ:XCHFree Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 46,520 shares of the company’s stock, valued at approximately $58,000.

XCHG Company Profile

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XCHG Limited engages in designing, manufacturing, and selling of electric vehicle (EV) chargers under the X-Charge brand name in Europe, the People’s Republic of China, and internationally. The company offers direct current (DC) fast chargers under the C6 series and C7 series; and battery-integrated DC fast chargers under the Net Zero series, as well as software system upgrades and hardware maintenance services.

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