NWTN (NASDAQ:NWTN) Stock Price Up 6%

Shares of NWTN Inc. (NASDAQ:NWTN) rose 6% during trading on Thursday . The company traded as high as $7.23 and last traded at $7.23. Approximately 1,760 shares traded 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 Price Performance

The firm has a 50-day moving average of $5.95 and a two-hundred day moving average of $7.17.

Hedge Funds Weigh In On NWTN

Large investors have recently modified their holdings of the company. Geode Capital Management LLC grew its holdings in shares of NWTN by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 184,334 shares of the company’s stock worth $1,963,000 after purchasing an additional 2,140 shares during the period. Mint Tower Capital Management B.V. purchased a new stake in NWTN during the fourth quarter worth approximately $817,000. State Street Corp acquired a new stake in shares of NWTN in the first quarter worth $1,166,000. Susquehanna International Group LLP purchased a new position in shares of NWTN in the 4th quarter valued at $1,002,000. Finally, Jane Street Group LLC acquired a new position in shares of NWTN during the 4th quarter valued at $626,000. 0.20% of the stock is currently owned by hedge funds and other institutional investors.

NWTN Company Profile

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.