VinFast Auto (NASDAQ:VFS) Stock Price Up 10.4% – Here’s What Happened

VinFast Auto Ltd. (NASDAQ:VFS)’s share price rose 10.4% during mid-day trading on Wednesday . The stock traded as high as $3.47 and last traded at $3.60. Approximately 89,770 shares were traded during trading, a decline of 94% from the average daily volume of 1,405,421 shares. The stock had previously closed at $3.26.

VinFast Auto Stock Performance

The business’s fifty day simple moving average is $3.76 and its 200 day simple moving average is $3.92. The stock has a market cap of $8.22 billion, a price-to-earnings ratio of -3.21 and a beta of 0.93.

Institutional Trading of VinFast Auto

Institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC acquired a new stake in VinFast Auto in the fourth quarter worth approximately $26,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of VinFast Auto in the fourth quarter valued at $29,000. Walleye Trading LLC bought a new position in VinFast Auto during the fourth quarter valued at about $46,000. GSA Capital Partners LLP acquired a new position in VinFast Auto during the third quarter worth about $44,000. Finally, XTX Topco Ltd acquired a new position in VinFast Auto during the third quarter worth about $48,000.

VinFast Auto Company Profile

VinFast Auto Ltd. engages in the design and manufacture of electric vehicles (EV), e-scooters, and e-buses in Vietnam, Canada, and the United States. The company operates through three segments: Automobiles, E-scooter, and Spare Parts & Aftermarket Services. The Automobiles segment offers design, development, manufacturing, and sale of cars and electric buses, and related battery lease and battery charging services for electric cars and buses.