Kaixin Auto (NASDAQ:KXIN) Shares Down 2.2%

Kaixin Auto Holdings (NASDAQ:KXIN)’s stock price was down 2.2% on Thursday . The company traded as low as $1.79 and last traded at $1.79, approximately 100 shares traded hands during mid-day trading. A decline of 100% from the average daily volume of 52,384 shares. The stock had previously closed at $1.83.

The company has a 50 day simple moving average of $1.67.

In other news, Director Sing Wang purchased 76,983 shares of the company’s stock in a transaction that occurred on Wednesday, June 26th. The shares were bought at an average price of $2.15 per share, for a total transaction of $165,513.45. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders bought 154,826 shares of company stock worth $353,521 in the last quarter. Company insiders own 20.78% of the company’s stock.

An institutional investor recently bought a new position in Kaixin Auto stock. Invesco Ltd. purchased a new stake in shares of Kaixin Auto Holdings (NASDAQ:KXIN) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 67,376 shares of the company’s stock, valued at approximately $148,000. Invesco Ltd. owned 0.11% of Kaixin Auto as of its most recent filing with the Securities & Exchange Commission. 23.21% of the stock is owned by hedge funds and other institutional investors.

Kaixin Auto Company Profile (NASDAQ:KXIN)

Kaixin Auto Holdings operates as a used car dealership in the People's Republic of China. As of December 31, 2018, the company had 14 dealerships. It also provides financing channels to its customers through its partnership with financial institutions; and value-added services to its customers, including insurance, extended warranties, and after-sales services The company was founded in 2015 and is based in Beijing, the People's Republic of China.

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