Lotus Technology Inc. Sponsored ADR (NASDAQ:LOT – Get Free Report)’s share price was up 9.4% during mid-day trading on Wednesday . The stock traded as high as $0.9296 and last traded at $0.9296. 7,743 shares were traded during mid-day trading, a decline of 94% from the average session volume of 122,684 shares. The stock had previously closed at $0.8499.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Lotus Technology in a research report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Lotus Technology currently has an average rating of “Sell”.
Read Our Latest Stock Analysis on LOT
Lotus Technology Stock Performance
Institutional Investors Weigh In On Lotus Technology
Hedge funds have recently bought and sold shares of the business. Jane Street Group LLC lifted its stake in shares of Lotus Technology by 64.1% in the 1st quarter. Jane Street Group LLC now owns 16,966 shares of the company’s stock valued at $27,000 after purchasing an additional 6,629 shares during the last quarter. Bank of America Corp DE raised its holdings in Lotus Technology by 178.8% during the 4th quarter. Bank of America Corp DE now owns 7,560 shares of the company’s stock valued at $27,000 after buying an additional 4,848 shares during the period. Finally, XTX Topco Ltd purchased a new stake in Lotus Technology during the 2nd quarter valued at $34,000. Hedge funds and other institutional investors own 63.40% of the company’s stock.
Lotus Technology Company Profile
Lotus Technology Inc engages in the design, development, and sale of battery electric lifestyle vehicles worldwide. It also distributes sports cars. The company sells its products under the Lotus brand. Lotus Technology Inc is based in Shanghai, China.
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