Junming Terence Zou Sells 618,750 Shares of Ryde Group (NYSEAMERICAN:RYDE) Stock

Ryde Group Ltd. (NYSEAMERICAN:RYDE) CEO Junming Terence Zou sold 618,750 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $0.85, for a total value of $525,937.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Ryde Group Stock Performance

Shares of RYDE stock opened at $0.99 on Monday. Ryde Group Ltd. has a 52-week low of $0.16 and a 52-week high of $1.55. The business’s fifty day moving average is $0.93 and its 200 day moving average is $0.57.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Ryde Group stock. Citadel Advisors LLC boosted its position in Ryde Group Ltd. (NYSEAMERICAN:RYDE) by 311.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 71,709 shares of the company’s stock after acquiring an additional 54,272 shares during the quarter. Citadel Advisors LLC owned 0.21% of Ryde Group worth $27,000 as of its most recent filing with the Securities & Exchange Commission.

About Ryde Group

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.