RLX Technology (NYSE:RLX) Sees Strong Trading Volume

Shares of RLX Technology Inc. (NYSE:RLXGet Rating) saw unusually-strong trading volume on Friday . Approximately 205,300 shares were traded during trading, a decline of 95% from the previous session’s volume of 3,898,815 shares.The stock last traded at $1.12 and had previously closed at $1.16.

RLX Technology Stock Down 3.0 %

The firm has a market cap of $1.75 billion, a PE ratio of 3.87 and a beta of -1.14. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.86 and a current ratio of 4.97. The company’s 50-day simple moving average is $1.51 and its two-hundred day simple moving average is $1.84.

Institutional Investors Weigh In On RLX Technology

Institutional investors and hedge funds have recently bought and sold shares of the business. Northern Trust Corp raised its holdings in shares of RLX Technology by 14.0% during the fourth quarter. Northern Trust Corp now owns 182,554 shares of the company’s stock valued at $712,000 after acquiring an additional 22,416 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of RLX Technology by 84.7% in the 4th quarter. JPMorgan Chase & Co. now owns 2,858,109 shares of the company’s stock worth $11,146,000 after purchasing an additional 1,310,926 shares during the period. abrdn plc lifted its position in shares of RLX Technology by 11.3% in the 4th quarter. abrdn plc now owns 80,106 shares of the company’s stock worth $313,000 after purchasing an additional 8,117 shares during the period. Renaissance Technologies LLC boosted its stake in shares of RLX Technology by 1,280.9% during the 4th quarter. Renaissance Technologies LLC now owns 947,300 shares of the company’s stock valued at $3,694,000 after purchasing an additional 878,700 shares in the last quarter. Finally, PEAK6 Investments LLC purchased a new position in shares of RLX Technology during the fourth quarter valued at about $58,000. Hedge funds and other institutional investors own 17.69% of the company’s stock.

About RLX Technology

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RLX Technology Inc, together with its subsidiaries, researchers, develops, manufactures, distributes, and sells e-vapor products in the People's Republic of China. It serves RELX branded partner stores and other retail outlets through distributors. RLX Technology Inc was founded in 2018 and is based in Beijing, China.

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