NWTN (NASDAQ:NWTN) Trading Down 2.9%

NWTN Inc. (NASDAQ:NWTN)’s stock price fell 2.9% on Thursday . The stock traded as low as $7.02 and last traded at $7.02. 1,974 shares traded hands during trading, a decline of 96% from the average session volume of 46,676 shares. The stock had previously closed at $7.23.

NWTN Trading Down 3.6 %

The company’s fifty day simple moving average is $5.90 and its two-hundred day simple moving average is $7.19.

Hedge Funds Weigh In On NWTN

Several hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its holdings in NWTN by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 184,334 shares of the company’s stock valued at $1,963,000 after acquiring an additional 2,140 shares in the last quarter. Mint Tower Capital Management B.V. acquired a new stake in shares of NWTN during the 4th quarter worth about $817,000. State Street Corp acquired a new stake in shares of NWTN during the 1st quarter worth about $1,166,000. Susquehanna International Group LLP acquired a new stake in shares of NWTN during the 4th quarter worth about $1,002,000. Finally, Jane Street Group LLC acquired a new stake in shares of NWTN during the 4th quarter worth about $626,000. 0.20% of the stock is currently owned by hedge funds and other institutional investors.

About NWTN

NWTN Inc operates as a smart passenger vehicle company, provides passenger-centric mobility and green energy solutions in the United States, the United Arab Emirates, and Mainland China. The company develops electric vehicles, including Supersport coupe; and smart passenger vehicles, such as MUSE and ADA.