VinFast Auto Ltd. (NASDAQ:VFS – Get Free Report)’s stock price fell 6.8% during trading on Wednesday . The company traded as low as $3.24 and last traded at $3.30. 1,201,123 shares were traded during trading, a decline of 17% from the average session volume of 1,448,238 shares. The stock had previously closed at $3.54.
VinFast Auto Stock Down 8.5 %
The company’s 50 day simple moving average is $3.96 and its two-hundred day simple moving average is $3.95. The company has a market capitalization of $7.58 billion, a price-to-earnings ratio of -2.95 and a beta of 0.93.
Institutional Trading of VinFast Auto
A number of institutional investors have recently made changes to their positions in the business. Tidal Investments LLC raised its stake in VinFast Auto by 10.9% in the fourth quarter. Tidal Investments LLC now owns 191,130 shares of the company’s stock valued at $770,000 after buying an additional 18,709 shares during the last quarter. Tower Research Capital LLC TRC acquired a new position in shares of VinFast Auto during the fourth quarter valued at about $26,000. Jump Financial LLC purchased a new position in shares of VinFast Auto in the 4th quarter valued at approximately $51,000. Walleye Trading LLC acquired a new stake in VinFast Auto in the 4th quarter worth approximately $46,000. Finally, Mariner LLC boosted its stake in VinFast Auto by 84.2% in the 4th quarter. Mariner LLC now owns 24,666 shares of the company’s stock worth $99,000 after purchasing an additional 11,277 shares in the last quarter.
VinFast Auto Company Profile
VinFast Auto Ltd. engages in the design and manufacture of electric vehicles (EV), e-scooters, and e-buses in Vietnam, Canada, and the United States. The company operates through three segments: Automobiles, E-scooter, and Spare Parts & Aftermarket Services. The Automobiles segment offers design, development, manufacturing, and sale of cars and electric buses, and related battery lease and battery charging services for electric cars and buses.
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