VinFast Auto (NASDAQ:VFSWW) Trading Down 4.7% – Time to Sell?

Shares of VinFast Auto Ltd. (NASDAQ:VFSWW) traded down 4.7% during mid-day trading on Thursday . The company traded as low as $0.39 and last traded at $0.41. 3,137 shares traded hands during trading, a decline of 84% from the average session volume of 20,080 shares. The stock had previously closed at $0.43.

VinFast Auto Stock Performance

The business has a fifty day simple moving average of $0.41 and a 200 day simple moving average of $0.45.

Institutional Investors Weigh In On VinFast Auto

An institutional investor recently bought a new position in VinFast Auto stock. Wolverine Asset Management LLC bought a new position in VinFast Auto Ltd. (NASDAQ:VFSWW) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 56,765 shares of the company’s stock, valued at approximately $28,000.

About VinFast Auto

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.