Virtu Americas LLC recently announced the acquisition of new stake in Kaixin Auto Holdings (NASDAQ:KXIN). The institutional investor has increased its shareholding in the Consumer Cyclical company by 619.58% to 35094.0 shares with purchase of 30217.0 shares. This fresh investment now brings its stake to 0.13% valued currently at $69135.0. In addition, UBS Securities LLC raised its holdings by 7019.0 to 7019.0 shares. And Simplex Trading LLC has lifted its position by 1,373.33% or 618.0 shares – to 663.0 shares.
With over 7.41 million Kaixin Auto Holdings (KXIN) shares trading Tuesday and a closing price of $1.28 on the day, the dollar volume was approximately $9.49 million. The shares have shown a negative half year performance of -73.23% and its price on 12/12/23 lost nearly -20.99%. Currently, there are 228.25M common shares owned by the public and among those 21.85M shares have been available to trade.
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Insiders at the company have transacted a total of 0 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 0 of these insider trades were purchases, accounting for 0 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
Fidelity Nasdaq Composite Index F owns 6044.0 shares of the company’s stock, all valued at over $11907.0.
Shares of Kaixin Auto Holdings (NASDAQ: KXIN) opened at $1.45, down -$0.17 from a prior closing price of $1.62. However, the script later moved the day high at 2.0100, down -20.99%. The company’s stock has a 5-day price change of -15.79% and -64.64% over the past three months. KXIN shares are trading -70.90% year to date (YTD), with the 12-month market performance down to -82.59% lower. It has a 12-month low price of $0.96 and touched a high of $9.45 over the same period. KXIN has an average intraday trading volume of 275.47K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -28.03%, -22.48%, and -66.51% respectively.
Institutional ownership of Kaixin Auto Holdings (NASDAQ: KXIN) shares accounts for 0.16% of the company’s 228.25M shares outstanding. Mutual fund holders own 0.02%, while other institutional holders and individual stakeholders account for 0.14% and — respectively.
It has a market capitalization of $34.10M and a beta (3y monthly) value of 0.15. The earnings-per-share (ttm) stands at -$0.08. Price movements for the stock have been influenced by the stock’s volatility, which stands at 48.34% over the week and 21.27% over the month.
