NWTN (NASDAQ:NWTN) Shares Down 9.1% – Time to Sell?

NWTN Inc. (NASDAQ:NWTN)’s stock price traded down 9.1% during mid-day trading on Friday . The company traded as low as $0.61 and last traded at $0.64. 12,264 shares were traded during mid-day trading, a decline of 46% from the average session volume of 22,861 shares. The stock had previously closed at $0.70.

NWTN Price Performance

The business has a 50 day simple moving average of $0.78 and a 200-day simple moving average of $0.89.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in NWTN stock. Y Intercept Hong Kong Ltd acquired a new stake in NWTN Inc. (NASDAQ:NWTN) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 179,300 shares of the company’s stock, valued at approximately $126,000. 0.20% of the stock is owned by institutional investors.

NWTN Company Profile

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.