Zoomcar Holdings, Inc. (NASDAQ:ZCAR – Get Free Report) dropped 8.5% during trading on Friday . The company traded as low as $3.10 and last traded at $3.11. Approximately 6,519 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 321,735 shares. The stock had previously closed at $3.40.
Zoomcar Price Performance
The business has a 50-day simple moving average of $4.28 and a 200 day simple moving average of $37.02.
Institutional Trading of Zoomcar
A hedge fund recently bought a new stake in Zoomcar stock. Virtu Financial LLC purchased a new position in Zoomcar Holdings, Inc. (NASDAQ:ZCAR – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 16,529 shares of the company’s stock, valued at approximately $30,000. Virtu Financial LLC owned about 0.80% of Zoomcar as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 3.71% of the company’s stock.
About Zoomcar
Zoomcar Holdings, Inc operates a marketplace for car sharing in India, Indonesia, and Egypt. The company connects hosts with guests, who choose from a selection of cars for use at affordable prices, promoting smart transportation solutions. Its platform offers vehicle searching and discovery, host and guest chat, vehicle and driver tracking, and ratings services.
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