NWTN (NASDAQ:NWTN) Trading Down 2.9%

NWTN Inc. (NASDAQ:NWTN)’s stock price fell 2.9% on Thursday . The stock traded as low as $7.02 and last traded at $7.02. 1,974 shares were traded during mid-day trading, a decline of 96% from the average session volume of 46,676 shares. The stock had previously closed at $7.23.

NWTN Stock Down 3.6 %

The firm’s fifty day simple moving average is $5.90 and its two-hundred day simple moving average is $7.19.

Hedge Funds Weigh In On NWTN

Institutional investors and hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC purchased a new stake in shares of NWTN in the 4th quarter valued at approximately $1,894,000. Mint Tower Capital Management B.V. purchased a new stake in shares of NWTN in the 4th quarter valued at approximately $817,000. State Street Corp purchased a new stake in shares of NWTN in the 1st quarter valued at approximately $1,166,000. Susquehanna International Group LLP purchased a new stake in shares of NWTN in the 4th quarter valued at approximately $1,002,000. Finally, Jane Street Group LLC purchased a new stake in shares of NWTN in the 4th quarter valued at approximately $626,000. 0.20% of the stock is currently owned by institutional investors and hedge funds.

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.