NWTN (NASDAQ:NWTN) Shares Gap Down to $8.25

NWTN Inc. (NASDAQ:NWTNGet Free Report)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $8.25, but opened at $7.85. NWTN shares last traded at $7.74, with a volume of 12,829 shares trading hands.

NWTN Price Performance

The firm has a 50-day simple moving average of $5.86 and a 200 day simple moving average of $7.25.

Institutional Investors Weigh In On NWTN

A number of hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC acquired a new stake in NWTN in the second quarter valued at approximately $146,000. Millennium Management LLC purchased a new position in shares of NWTN during the fourth quarter valued at approximately $200,000. Barclays PLC purchased a new position in shares of NWTN during the fourth quarter valued at approximately $459,000. Jane Street Group LLC purchased a new position in shares of NWTN during the fourth quarter valued at approximately $626,000. Finally, Mint Tower Capital Management B.V. purchased a new position in NWTN in the fourth quarter worth $817,000. 0.20% of the stock is currently owned by institutional investors.

About NWTN

(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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