RLX Technology (NYSE:RLX) Sees Unusually-High Trading Volume – Here’s What Happened

RLX Technology Inc. (NYSE:RLX) saw unusually-strong trading volume on Friday . Approximately 8,848,896 shares changed hands during mid-day trading, an increase of 91% from the previous session’s volume of 4,633,865 shares.The stock last traded at $2.07 and had previously closed at $1.95.

RLX Technology Trading Up 1.5 %

The business has a 50 day simple moving average of $1.72 and a two-hundred day simple moving average of $1.76. The stock has a market cap of $3.11 billion, a price-to-earnings ratio of 49.51 and a beta of 0.93.

RLX Technology Announces Dividend

The business also recently declared an annual dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a dividend of $0.01 per share. This represents a dividend yield of 0.59%. The ex-dividend date of this dividend is Friday, December 6th. RLX Technology’s payout ratio is currently 25.01%.

Institutional Trading of RLX Technology

Several institutional investors have recently added to or reduced their stakes in RLX. First Beijing Investment Ltd increased its position in shares of RLX Technology by 33.6% in the 3rd quarter. First Beijing Investment Ltd now owns 28,440,248 shares of the company’s stock worth $51,477,000 after purchasing an additional 7,159,064 shares during the last quarter. SG Americas Securities LLC increased its holdings in RLX Technology by 7,420.4% in the second quarter. SG Americas Securities LLC now owns 4,729,553 shares of the company’s stock valued at $8,702,000 after buying an additional 4,666,663 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in RLX Technology during the third quarter valued at approximately $2,386,000. Point72 Asset Management L.P. lifted its holdings in RLX Technology by 8,292.2% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,313,300 shares of the company’s stock worth $2,377,000 after buying an additional 1,297,651 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of RLX Technology by 58.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 612,067 shares of the company’s stock worth $1,108,000 after acquiring an additional 225,200 shares in the last quarter. 22.68% of the stock is owned by institutional investors and hedge funds.

About RLX Technology

RLX Technology Inc, together with its subsidiaries, engages in the manufacture and sale of e-vapor products in the People's Republic of China and internationally. It serves partner distributors and retail outlets. The company was founded in 2018 and is headquartered in Beijing, China.