Ryde Group (NYSEAMERICAN:RYDE) Shares Up 0.4% – Here’s Why

Ryde Group Ltd. (NYSEAMERICAN:RYDEGet Free Report) rose 0.4% during mid-day trading on Wednesday . The stock traded as high as $0.8112 and last traded at $0.7879. 64,575 shares changed hands during trading, a decline of 75% from the average session volume of 261,839 shares. The stock had previously closed at $0.7845.

Ryde Group Price Performance

The business’s 50 day simple moving average is $0.70 and its 200 day simple moving average is $0.73.

Ryde Group (NYSEAMERICAN:RYDEGet Free Report) last released its quarterly earnings data on Friday, April 24th. The company reported ($0.12) earnings per share for the quarter. The firm had revenue of $2.60 million for the quarter.

Insider Transactions at Ryde Group

In related news, CEO Junming Terence Zou sold 618,750 shares of Ryde Group stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $0.85, for a total transaction of $525,937.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Trading of Ryde Group

An institutional investor recently raised its stake in Ryde Group stock. Citadel Advisors LLC lifted its holdings in shares of Ryde Group Ltd. (NYSEAMERICAN:RYDEFree Report) by 311.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 71,709 shares of the company’s stock after acquiring an additional 54,272 shares during the quarter. Citadel Advisors LLC owned approximately 0.21% of Ryde Group worth $27,000 as of its most recent SEC filing.

About Ryde Group

(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.

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