Blue Barn Wealth LLC Buys New Shares in Lotus Technology Inc. (NASDAQ:LOT)

Blue Barn Wealth LLC acquired a new position in shares of Lotus Technology Inc. (NASDAQ:LOT) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 14,640 shares of the company’s stock, valued at approximately $53,000.

A number of other institutional investors have also recently bought and sold shares of LOT. State Street Corp acquired a new stake in Lotus Technology in the third quarter valued at approximately $58,000. Tidal Investments LLC bought a new position in Lotus Technology in the third quarter worth approximately $402,000. JPMorgan Chase & Co. bought a new stake in shares of Lotus Technology during the third quarter worth about $32,000. Merit Financial Group LLC purchased a new stake in shares of Lotus Technology in the fourth quarter worth approximately $46,000. Finally, Drive Wealth Management LLC purchased a new position in Lotus Technology during the 4th quarter worth $89,000. Institutional investors and hedge funds own 63.40% of the company’s stock.

Lotus Technology Price Performance

NASDAQ LOT opened at $1.81 on Thursday. The business’s fifty day moving average is $3.02 and its 200-day moving average is $4.03. Lotus Technology Inc. has a one year low of $1.71 and a one year high of $13.85. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of -1.16 and a beta of 0.14.

Lotus Technology Profile

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.