Lotus Technology (NASDAQ:LOT) Shares Gap Up – Here’s What Happened

Lotus Technology Inc. (NASDAQ:LOT)’s share price gapped up before the market opened on Monday . The stock had previously closed at $1.63, but opened at $1.69. Lotus Technology shares last traded at $1.65, with a volume of 18,688 shares.

Lotus Technology Stock Performance

The stock has a market cap of $1.06 billion, a PE ratio of -1.00 and a beta of 0.14. The business has a 50 day moving average price of $2.88 and a two-hundred day moving average price of $3.95.

Institutional Trading of Lotus Technology

A number of large investors have recently added to or reduced their stakes in LOT. JPMorgan Chase & Co. bought a new position in shares of Lotus Technology during the 3rd quarter valued at approximately $32,000. Bleakley Financial Group LLC bought a new position in Lotus Technology during the fourth quarter valued at $48,000. Tidal Investments LLC bought a new stake in shares of Lotus Technology in the third quarter valued at $402,000. Merit Financial Group LLC bought a new position in shares of Lotus Technology during the 4th quarter worth $46,000. Finally, State Street Corp bought a new position in shares of Lotus Technology during the 3rd quarter worth $58,000. Hedge funds and other institutional investors own 63.40% of the company’s stock.

Lotus Technology Company Profile

Lotus Technology Inc engages in the design, development, and sale of battery electric lifestyle vehicles worldwide. It also distributes sports cars. The company sells its products under the Lotus brand. Lotus Technology Inc is based in Shanghai, China.