XCHG (NASDAQ:XCH) Shares Down 6.3% – What’s Next?

XCHG Limited (NASDAQ:XCHGet Free Report)’s share price dropped 6.3% during trading on Tuesday . The company traded as low as $1.15 and last traded at $1.13. Approximately 9,707 shares traded hands during trading, a decline of 97% from the average daily volume of 326,319 shares. The stock had previously closed at $1.20.

XCHG Price Performance

The stock’s 50-day moving average is $1.21.

Institutional Trading of XCHG

An institutional investor recently bought a new position in XCHG stock. HHM Wealth Advisors LLC purchased a new stake in XCHG Limited (NASDAQ:XCHFree Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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.

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