Janney Montgomery Scott LLC Buys New Shares in RLX Technology Inc. (NYSE:RLX)

Janney Montgomery Scott LLC bought a new stake in RLX Technology Inc. (NYSE:RLX) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 14,410 shares of the company’s stock, valued at approximately $31,000.

A number of other institutional investors have also recently bought and sold shares of the stock. First Beijing Investment Ltd grew its stake in RLX Technology by 33.6% during the third quarter. First Beijing Investment Ltd now owns 28,440,248 shares of the company’s stock worth $51,477,000 after buying an additional 7,159,064 shares during the period. Point72 Hong Kong Ltd purchased a new stake in RLX Technology during the third quarter worth approximately $2,386,000. Point72 Asset Management L.P. grew its stake in RLX Technology by 8,292.2% during the third quarter. Point72 Asset Management L.P. now owns 1,313,300 shares of the company’s stock worth $2,377,000 after buying an additional 1,297,651 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in RLX Technology by 58.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 612,067 shares of the company’s stock worth $1,108,000 after buying an additional 225,200 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new stake in RLX Technology during the third quarter worth approximately $221,000. 22.68% of the stock is currently owned by hedge funds and other institutional investors.

RLX Technology Stock Up 0.2 %

RLX opened at $2.37 on Friday. RLX Technology Inc. has a 52-week low of $1.50 and a 52-week high of $2.60. The company has a 50 day moving average of $2.15 and a two-hundred day moving average of $1.86. The company has a market cap of $3.71 billion, a P/E ratio of 59.14 and a beta of 0.97.

RLX Technology Company Profile

RLX Technology Inc, together with its subsidiaries, engages in the manufacture and sale of e-vapor products in the People's Republic of China and internationally. It serves partner distributors and retail outlets. The company was founded in 2018 and is headquartered in Beijing, China.