Zapp Electric Vehicles Group (NASDAQ:ZAPP) Shares Down 4.9%

Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) traded down 4.9% during trading on Tuesday . The stock traded as low as $0.24 and last traded at $0.25. 41,573 shares were traded during trading, a decline of 40% from the average session volume of 68,866 shares. The stock had previously closed at $0.26.

Zapp Electric Vehicles Group Price Performance

The business’s 50 day moving average is $0.26 and its two-hundred day moving average is $0.29.

Zapp Electric Vehicles Group’s stock is set to reverse split on Tuesday, April 23rd. The 1-20 reverse split was announced on Tuesday, April 23rd. The number of shares owned by shareholders will be adjusted after the market closes on Tuesday, April 23rd.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Zapp Electric Vehicles Group stock. Geode Capital Management LLC acquired a new position in Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 22,298 shares of the company’s stock, valued at approximately $52,000. Geode Capital Management LLC owned approximately 0.06% of Zapp Electric Vehicles Group at the end of the most recent quarter.

About Zapp Electric Vehicles Group

Zapp Electric Vehicles Limited operates an electric motorcycle company. Its i300 is the first in a suite of electric two-wheelers that the company plans to bring to market. It offers a direct-to-customer experience known as DSDTC (drop-ship-direct-to-customer). The company sells its product the i300, to customers online and delivered to the home, as well as provides at-home inspection, service, and support throughout the vehicle ownership lifecycle.