Swvl (NASDAQ:SWVL) Trading Down 0.8% – Here’s Why

Swvl Holdings Corp. (NASDAQ:SWVL) shares were down 0.8% during trading on Tuesday . The stock traded as low as $3.57 and last traded at $3.77. Approximately 30,320 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 99,262 shares. The stock had previously closed at $3.80.

Swvl Stock Down 0.8 %

The firm has a fifty day moving average price of $3.73 and a 200 day moving average price of $6.41.

Institutional Trading of Swvl

An institutional investor recently bought a new position in Swvl stock. Connective Capital Management LLC acquired a new position in shares of Swvl Holdings Corp. (NASDAQ:SWVL) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 19,347 shares of the company’s stock, valued at approximately $123,000. Swvl comprises 0.2% of Connective Capital Management LLC’s holdings, making the stock its 27th largest position. Connective Capital Management LLC owned about 0.28% of Swvl at the end of the most recent quarter. 34.03% of the stock is currently owned by hedge funds and other institutional investors.

Swvl Company Profile

Swvl Holdings Corp. provides mass transit ridesharing services. It offers B2C Swvl Retail, which provides riders with a network of minibuses and other vehicles running on fixed or semi-fixed routes within cities; Swvl Travel that allows riders to book rides on long-distance intercity routes on vehicle available through the Swvl platform or through third-party services; and Swvl Business, a transport as a service enterprise product for businesses, schools, municipal transit agencies, and other customers.