NWTN (NASDAQ:NWTN) Shares Gap Up – Here’s What Happened

NWTN Inc. (NASDAQ:NWTNGet Free Report)’s share price gapped up prior to trading on Monday . The stock had previously closed at $1.87, but opened at $1.95. NWTN shares last traded at $2.87, with a volume of 10,007,665 shares changing hands.

NWTN Stock Performance

The business has a 50-day moving average price of $0.49 and a 200-day moving average price of $0.74.

Institutional Investors Weigh In On NWTN

An institutional investor recently bought a new position in NWTN stock. Y Intercept Hong Kong Ltd acquired a new stake in NWTN Inc. (NASDAQ:NWTNFree Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 179,300 shares of the company’s stock, valued at approximately $126,000. Institutional investors and hedge funds own 0.20% of the company’s stock.

NWTN Company Profile

(Get Free Report)

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.

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