NWTN (NASDAQ:NWTN) Shares Down 9.1% – Time to Sell?

Shares of NWTN Inc. (NASDAQ:NWTN) fell 9.1% during trading on Friday . The company traded as low as $0.61 and last traded at $0.64. 12,264 shares changed hands during trading, a decline of 46% from the average session volume of 22,861 shares. The stock had previously closed at $0.70.

NWTN Trading Down 9.1 %

The business has a fifty day moving average price of $0.78 and a 200 day moving average price of $0.89.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in NWTN stock. Y Intercept Hong Kong Ltd purchased a new position in shares of NWTN Inc. (NASDAQ:NWTN) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 179,300 shares of the company’s stock, valued at approximately $126,000. 0.20% of the stock is currently owned by institutional investors and hedge funds.

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.