XCHG (NASDAQ:XCH) Shares Gap Down – Here’s Why

Shares of XCHG Limited (NASDAQ:XCHGet Free Report) gapped down before the market opened on Friday . The stock had previously closed at $1.30, but opened at $1.26. XCHG shares last traded at $1.29, with a volume of 3,749 shares.

XCHG Price Performance

The company has a fifty day simple moving average of $1.21.

Institutional Investors Weigh In On XCHG

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

XCHG Company Profile

(Get Free Report)

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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