Chijet Motor (NASDAQ:CJET) Trading Down 4% – Here’s What Happened

Chijet Motor Company, Inc. (NASDAQ:CJET) was down 4% on Thursday . The stock traded as low as $2.10 and last traded at $2.13. Approximately 15,304 shares traded hands during mid-day trading, a decline of 32% from the average daily volume of 22,650 shares. The stock had previously closed at $2.22.

Chijet Motor Stock Down 4.0 %

The company’s 50-day moving average is $2.09.

Hedge Funds Weigh In On Chijet Motor

A hedge fund recently bought a new stake in Chijet Motor stock. Walleye Capital LLC acquired a new position in shares of Chijet Motor Company, Inc. (NASDAQ:CJET) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 28,934 shares of the company’s stock, valued at approximately $67,000. Walleye Capital LLC owned approximately 0.54% of Chijet Motor as of its most recent filing with the Securities & Exchange Commission.

About Chijet Motor

Chijet Motor Company, Inc engages in the research and development, production, and sale of new energy vehicles. It offers battery electric vehicles, plug-in hybrid electric vehicles, and fuel cell electric vehicles. The company was founded in 2021 and is based in Grand Cayman, the Cayman Islands.