Junming Terence Zou Sells 618,750 Shares of Ryde Group (NYSEAMERICAN:RYDE) Stock

Ryde Group Ltd. (NYSEAMERICAN:RYDE) CEO Junming Terence Zou sold 618,750 shares of the stock in a transaction on Monday, May 18th. The shares were sold at an average price of $0.85, for a total value of $525,937.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Ryde Group Price Performance

RYDE opened at $0.99 on Monday. Ryde Group Ltd. has a 52 week low of $0.16 and a 52 week high of $1.55. The business’s fifty day simple moving average is $0.93 and its 200 day simple moving average is $0.57.

Ryde Group (NYSEAMERICAN:RYDE) last released its earnings results on Friday, April 24th. The company reported ($0.12) EPS for the quarter. The company had revenue of $2.60 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Ryde Group stock. Citadel Advisors LLC grew its stake in shares of Ryde Group Ltd. (NYSEAMERICAN:RYDE) by 311.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 71,709 shares of the company’s stock after buying an additional 54,272 shares during the quarter. Citadel Advisors LLC owned 0.21% of Ryde Group worth $27,000 at the end of the most recent quarter.

Ryde Group Company Profile

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.