NWTN (NASDAQ:NWTN) Trading 6% Higher

NWTN Inc. (NASDAQ:NWTN) was up 6% during mid-day trading on Thursday . The stock traded as high as $7.23 and last traded at $7.23. Approximately 1,760 shares changed hands during trading, a decline of 96% from the average daily volume of 44,951 shares. The stock had previously closed at $6.82.

NWTN Stock Performance

The business’s 50 day simple moving average is $5.95 and its 200 day simple moving average is $7.17.

Institutional Investors Weigh In On NWTN

A number of large investors have recently made changes to their positions in NWTN. Mint Tower Capital Management B.V. purchased a new position in NWTN during the 4th quarter worth approximately $817,000. Renaissance Technologies LLC acquired a new stake in shares of NWTN in the second quarter worth $146,000. Geode Capital Management LLC grew its holdings in shares of NWTN by 1.2% during the second quarter. Geode Capital Management LLC now owns 184,334 shares of the company’s stock valued at $1,963,000 after buying an additional 2,140 shares in the last quarter. State Street Corp purchased a new stake in NWTN in the 1st quarter worth about $1,166,000. Finally, Jane Street Group LLC purchased a new stake in NWTN in the 4th quarter worth about $626,000. Institutional investors and hedge funds own 0.20% of the company’s stock.

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.