Momentous Wealth Management Inc. Acquires New Holdings in Lotus Technology Inc. (NASDAQ:LOT)

Momentous Wealth Management Inc. purchased a new stake in Lotus Technology Inc. (NASDAQ:LOT) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 15,281 shares of the company’s stock, valued at approximately $55,000.

Several other large investors also recently made changes to their positions in LOT. JPMorgan Chase & Co. bought a new stake in shares of Lotus Technology in the third quarter worth $32,000. Merit Financial Group LLC acquired a new position in shares of Lotus Technology during the 4th quarter worth approximately $46,000. Bleakley Financial Group LLC bought a new stake in shares of Lotus Technology during the 4th quarter worth approximately $48,000. Blue Barn Wealth LLC acquired a new stake in shares of Lotus Technology in the 4th quarter valued at approximately $53,000. Finally, State Street Corp bought a new position in shares of Lotus Technology in the third quarter valued at $58,000. Institutional investors own 63.40% of the company’s stock.

Lotus Technology Trading Up 38.6 %

NASDAQ LOT opened at $2.19 on Tuesday. Lotus Technology Inc. has a 1 year low of $1.42 and a 1 year high of $13.85. The firm’s fifty day moving average price is $2.43 and its two-hundred day moving average price is $3.65. The firm has a market capitalization of $1.48 billion, a P/E ratio of -1.40 and a beta of 0.14.

About Lotus Technology

Lotus Technology Inc engages in the design, development, and sale of battery electric lifestyle vehicles worldwide. It also distributes sports cars. The company sells its products under the Lotus brand. Lotus Technology Inc is based in Shanghai, China.