Lotus Technology Inc. Sponsored ADR (NASDAQ:LOT – Get Free Report) shares saw an uptick in trading volume on Tuesday . Approximately 154,847 shares were traded during trading, an increase of 22% from the previous session’s volume of 127,131 shares.The stock last traded at $1.0450 and had previously closed at $1.09.
Analysts Set New Price Targets
Separately, Weiss Ratings reiterated 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.com, the company currently has an average rating of “Sell”.
Get Our Latest Analysis on Lotus Technology
Lotus Technology Stock Down 4.1%
Hedge Funds Weigh In On Lotus Technology
Several institutional investors and hedge funds have recently added to or reduced their stakes in LOT. Jane Street Group LLC lifted its holdings 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 buying an additional 6,629 shares during the period. Bank of America Corp DE boosted its stake in shares of Lotus Technology by 178.8% in the fourth 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 in the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of Lotus Technology in the second quarter valued at approximately $34,000. Institutional investors and hedge funds own 63.40% of the company’s stock.
About Lotus Technology
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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