RLX Technology Inc. (NYSE:RLX) was the recipient of some unusual options trading activity on Wednesday. Investors acquired 50,201 call options on the company. This is an increase of approximately 416% compared to the typical daily volume of 9,728 call options.
NYSE RLX traded up $0.51 during trading hours on Wednesday, reaching $5.48. 624,792 shares of the company’s stock traded hands, compared to its average volume of 10,343,318. RLX Technology has a 52-week low of $3.70 and a 52-week high of $35.00. The firm has a 50-day simple moving average of $4.93 and a 200 day simple moving average of $6.92.
A number of hedge funds and other institutional investors have recently modified their holdings of RLX. regents capital Ltd purchased a new position in RLX Technology during the 1st quarter valued at about $28,000. American International Group Inc. purchased a new position in RLX Technology during the 3rd quarter valued at about $35,000. Cubist Systematic Strategies LLC purchased a new position in RLX Technology during the 3rd quarter valued at about $45,000. Ridgewood Investments LLC lifted its position in RLX Technology by 23.1% during the 3rd quarter. Ridgewood Investments LLC now owns 16,000 shares of the company’s stock valued at $72,000 after acquiring an additional 3,000 shares during the period. Finally, DekaBank Deutsche Girozentrale purchased a new position in RLX Technology in the second quarter worth about $74,000. 5.60% of the stock is owned by institutional investors.
About RLX Technology
RLX Technology Inc, together with its subsidiaries, researchers, develops, manufactures, distributes, and sells e-vapor products in the People's Republic of China. It serves RELX branded partner stores and other retail outlets through distributors. The company was founded in 2018 and is based in Beijing, China.
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