Blue Barn Wealth LLC Purchases New Shares in Lotus Technology Inc. (NASDAQ:LOT)

Blue Barn Wealth LLC acquired a new position in shares of Lotus Technology Inc. (NASDAQ:LOT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 14,640 shares of the company’s stock, valued at approximately $53,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. bought a new stake in shares of Lotus Technology in the 3rd quarter valued at approximately $32,000. Bleakley Financial Group LLC bought a new position in shares of Lotus Technology during the fourth quarter valued at approximately $48,000. Tidal Investments LLC purchased a new position in Lotus Technology in the third quarter valued at about $402,000. Merit Financial Group LLC purchased a new stake in Lotus Technology during the fourth quarter valued at approximately $46,000. Finally, State Street Corp purchased a new stake in shares of Lotus Technology during the 3rd quarter valued at $58,000. 63.40% of the stock is currently owned by institutional investors.

Lotus Technology Trading Down 2.7 %

Shares of Lotus Technology stock opened at $1.81 on Thursday. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of -1.16 and a beta of 0.14. The firm’s 50 day simple moving average is $3.02 and its two-hundred day simple moving average is $4.03. Lotus Technology Inc. has a 12-month low of $1.71 and a 12-month high of $13.85.

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.