NWTN (NASDAQ:NWTN) Trading 6% Higher

NWTN Inc. (NASDAQ:NWTN)’s share price was up 6% during mid-day trading on Thursday . The stock traded as high as $7.23 and last traded at $7.23. Approximately 1,760 shares were traded during mid-day 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 company’s 50 day moving average is $5.93 and its 200-day moving average is $7.17.

Institutional Trading of NWTN

Institutional investors and hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC bought a new stake in NWTN during the 2nd quarter valued at about $146,000. Millennium Management LLC bought a new stake in NWTN during the 4th quarter valued at about $200,000. Barclays PLC bought a new stake in NWTN during the 4th quarter valued at about $459,000. Jane Street Group LLC bought a new stake in NWTN during the 4th quarter valued at about $626,000. Finally, Mint Tower Capital Management B.V. bought a new stake in NWTN during the 4th quarter valued at about $817,000. 0.20% of the stock is currently owned by institutional investors.

About NWTN

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.