XCHG Limited’s (NASDAQ:XCH) Lock-Up Period Set To Expire on March 10th

XCHG’s (NASDAQ:XCH) lock-up period will expire on Monday, March 10th. XCHG had issued 3,333,335 shares in its public offering on September 10th. The total size of the offering was $20,666,677 based on an initial share price of $6.20. After the end of XCHG’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

XCHG Stock Performance

Shares of NASDAQ:XCH opened at $1.21 on Friday. The stock has a fifty day simple moving average of $1.40. XCHG has a 52 week low of $0.94 and a 52 week high of $30.47.

XCHG (NASDAQ:XCH) last released its earnings results on Friday, December 13th. The company reported ($0.08) earnings per share for the quarter.

Institutional Trading of XCHG

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

About XCHG

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.