XCHG (NASDAQ:XCH) Shares Gap Down – What’s Next?

XCHG Limited (NASDAQ:XCHGet Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $1.26, but opened at $1.22. XCHG shares last traded at $1.25, with a volume of 2,906 shares trading hands.

XCHG Stock Performance

The business has a 50-day moving average of $1.27.

Institutional Investors Weigh In On XCHG

An institutional investor recently bought a new position in XCHG stock. HHM Wealth Advisors LLC purchased a new position in XCHG Limited (NASDAQ:XCHFree Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 63,692 shares of the company’s stock, valued at approximately $129,000.

XCHG Company Profile

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XCHG Limited engages in designing, manufacturing, and selling of electric vehicle (EV) chargers under the X-Charge brand name in Europe, the People’s Republic of China, and internationally. The company offers direct current (DC) fast chargers under the C6 series and C7 series; and battery-integrated DC fast chargers under the Net Zero series, as well as software system upgrades and hardware maintenance services.

Further Reading

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