Robo.ai Inc. (NASDAQ:AIIO – Get Free Report) shares shot up 8.4% during mid-day trading on Monday . The stock traded as high as $3.28 and last traded at $3.23. Approximately 568,934 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 5,825,285 shares. The stock had previously closed at $2.98.
Analyst Ratings Changes
A number of research analysts have weighed in on AIIO shares. Weiss Ratings downgraded shares of Robo.ai from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday. Wall Street Zen lowered Robo.ai from a “hold” rating to a “sell” rating in a research note on Thursday, May 14th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.
Get Our Latest Research Report on AIIO
Robo.ai Stock Performance
Institutional Trading of Robo.ai
A hedge fund recently raised its position in Robo.ai stock. Geode Capital Management LLC boosted its position in shares of Robo.ai Inc. (NASDAQ:AIIO – Free Report) by 16.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 220,348 shares of the company’s stock after buying an additional 31,004 shares during the period. Geode Capital Management LLC owned 0.09% of Robo.ai worth $353,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 0.20% of the company’s stock.
About Robo.ai
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. It integrates design, life-style personalization, IoT connectivity, autonomous driving technology, and green energy eco-systems for future mobility solutions. The company also involved in the wholesale and retail of vehicles; and provision of business management, operations, commercialization, as well as design and technology development services.
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