NWTN (NASDAQ:NWTN) Shares Gap Down to $6.99

NWTN Inc. (NASDAQ:NWTN) shares gapped down before the market opened on Monday . The stock had previously closed at $6.99, but opened at $6.80. NWTN shares last traded at $6.80, with a volume of 452 shares traded.

NWTN Stock Up 2.1 %

The stock has a 50 day moving average price of $5.92 and a two-hundred day moving average price of $7.18.

Hedge Funds Weigh In On NWTN

Hedge funds and other institutional investors have recently bought and sold shares of the company. Mint Tower Capital Management B.V. acquired a new stake in shares of NWTN during the fourth quarter worth about $817,000. Renaissance Technologies LLC purchased a new position in NWTN in the 2nd quarter valued at approximately $146,000. Geode Capital Management LLC grew its stake in shares of NWTN by 1.2% in the second quarter. Geode Capital Management LLC now owns 184,334 shares of the company’s stock worth $1,963,000 after acquiring an additional 2,140 shares in the last quarter. State Street Corp purchased a new stake in shares of NWTN during the first quarter worth $1,166,000. Finally, Jane Street Group LLC acquired a new stake in shares of NWTN in the fourth quarter valued at $626,000. 0.20% of the stock is currently owned by hedge funds and other institutional investors.

NWTN Company Profile

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.