RLX Technology Sees Unusually Large Options Volume (NYSE:RLX)

RLX Technology Inc. (NYSE:RLX) was the recipient of unusually large options trading activity on Wednesday. Traders acquired 59,159 call options on the stock. This represents an increase of approximately 26,548% compared to the typical volume of 222 call options.

Institutional Investors Weigh In On RLX Technology

Institutional investors and hedge funds have recently modified their holdings of the company. Point72 Europe London LLP bought a new stake in RLX Technology during the fourth quarter valued at $616,000. SG Americas Securities LLC boosted its position in shares of RLX Technology by 7,420.4% during the 2nd quarter. SG Americas Securities LLC now owns 4,729,553 shares of the company’s stock valued at $8,702,000 after acquiring an additional 4,666,663 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of RLX Technology by 36.5% during the second quarter. Bank of New York Mellon Corp now owns 39,615 shares of the company’s stock worth $73,000 after purchasing an additional 10,596 shares in the last quarter. Profund Advisors LLC bought a new position in shares of RLX Technology in the second quarter worth approximately $72,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in RLX Technology in the second quarter valued at approximately $146,000. 22.68% of the stock is owned by hedge funds and other institutional investors.

RLX Technology Trading Up 5.6 %

RLX opened at $1.89 on Friday. The company has a 50 day moving average of $1.69 and a 200 day moving average of $1.82. RLX Technology has a 12 month low of $1.49 and a 12 month high of $2.40. The company has a market cap of $2.97 billion, a PE ratio of 37.80 and a beta of 0.92.

RLX Technology (NYSE:RLX) last announced its quarterly earnings results on Friday, August 16th. The company reported $0.01 earnings per share for the quarter. RLX Technology had a return on equity of 2.48% and a net margin of 18.25%. The company had revenue of $86.30 million during the quarter.

RLX Technology Company Profile

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.