Chijet Motor (NASDAQ:CJET) Shares Gap Down to $8.10

Chijet Motor Company, Inc. (NASDAQ:CJETGet Free Report)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $8.10, but opened at $7.08. Chijet Motor shares last traded at $6.25, with a volume of 24,973 shares traded.

Chijet Motor Stock Up 3.2 %

The business’s 50 day moving average price is $0.49 and its two-hundred day moving average price is $0.49.

Shares of Chijet Motor are going to reverse split before the market opens on Wednesday, July 31st. The 1-30 reverse split was announced on Friday, June 28th. The number of shares owned by shareholders will be adjusted after the closing bell on Tuesday, July 30th.

Institutional Trading of Chijet Motor

An institutional investor recently raised its position in Chijet Motor stock. Walleye Trading LLC increased its position in shares of Chijet Motor Company, Inc. (NASDAQ:CJETFree Report) by 772.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 500,134 shares of the company’s stock after acquiring an additional 442,784 shares during the quarter. Walleye Trading LLC owned 2.75% of Chijet Motor worth $835,000 as of its most recent SEC filing.

About Chijet Motor

(Get Free Report)

Chijet Motor Company, Inc engages in the research and development, production, and sale of new energy vehicles. It offers battery electric vehicles, plug-in hybrid electric vehicles, and fuel cell electric vehicles. The company was founded in 2021 and is based in Grand Cayman, the Cayman Islands.

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