Ryde Group (NYSEAMERICAN:RYDE) Shares Down 4.9% – Should You Sell?

Ryde Group Ltd. (NYSEAMERICAN:RYDEGet Free Report)’s share price traded down 4.9% during mid-day trading on Tuesday . The company traded as low as $0.42 and last traded at $0.45. 369,377 shares were traded during mid-day trading, a decline of 61% from the average session volume of 948,443 shares. The stock had previously closed at $0.47.

Ryde Group Price Performance

Institutional Trading of Ryde Group

A hedge fund recently bought a new stake in Ryde Group stock. Virtu Financial LLC bought a new position in Ryde Group Ltd. (NYSEAMERICAN:RYDEFree Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 15,535 shares of the company’s stock, valued at approximately $57,000. Virtu Financial LLC owned approximately 0.08% of Ryde Group as of its most recent SEC filing.

Ryde Group Company Profile

(Get Free Report)

Ryde Group Ltd engages in mobility and quick commerce businesses in Singapore. The Mobility segment provides on-demand and scheduled carpooling and ride-hailing services. The Quick Commerce segment offers real-time on-demand, scheduled, and multi-stop parcel delivery services. The company was founded in 2014 and is headquartered in Singapore.

Further Reading

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