Ryde Group (NYSEAMERICAN:RYDE) Shares Down 4.2% – What’s Next?

Shares of Ryde Group Ltd. (NYSEAMERICAN:RYDE) traded down 4.2% on Tuesday . The company traded as low as $0.70 and last traded at $0.7283. 217,381 shares traded hands during mid-day trading, a decline of 25% from the average session volume of 290,550 shares. The stock had previously closed at $0.76.

Ryde Group Stock Performance

The stock’s 50 day moving average price is $1.06 and its two-hundred day moving average price is $0.63.

Ryde Group (NYSEAMERICAN:RYDE) last issued its quarterly earnings data on Friday, April 24th. The company reported ($0.12) earnings per share for the quarter. The firm had revenue of $2.60 million for the quarter.

Insider Buying and Selling at Ryde Group

In related news, CEO Junming Terence Zou sold 618,750 shares of Ryde Group stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $0.85, for a total transaction of $525,937.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Institutional Trading of Ryde Group

An institutional investor recently raised its position in Ryde Group stock. Citadel Advisors LLC raised its holdings in Ryde Group Ltd. (NYSEAMERICAN:RYDE) by 311.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,709 shares of the company’s stock after buying an additional 54,272 shares during the quarter. Citadel Advisors LLC owned approximately 0.21% of Ryde Group worth $27,000 at the end of the most recent quarter.

Ryde Group Company Profile

Ryde Group Ltd engages in mobility and quick commerce businesses in Singapore. The Mobility segment provides on-demand and scheduled carpooling and ride-hailing services. The Quick Commerce segment offers real-time on-demand, scheduled, and multi-stop parcel delivery services. The company was founded in 2014 and is headquartered in Singapore.