Atlis Motor Vehicles (NASDAQ:AMV) Shares Down 1.5%

Shares of Atlis Motor Vehicles, Inc. (NASDAQ:AMV – Get Rating) were down 1.5% on Wednesday . The stock traded as low as $0.49 and last traded at $0.50. Approximately 460,200 shares traded hands during trading, a decline of 84% from the average daily volume of 2,858,217 shares. The stock had previously closed at $0.51.

Atlis Motor Vehicles Trading Down 1.5 %

The firm has a 50-day simple moving average of $0.55 and a two-hundred day simple moving average of $3.35.

Institutional Trading of Atlis Motor Vehicles

Several large investors have recently bought and sold shares of AMV. Charles Schwab Investment Management Inc. boosted its stake in Atlis Motor Vehicles by 204.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 47,688 shares of the company’s stock valued at $27,000 after buying an additional 32,022 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Atlis Motor Vehicles during the first quarter valued at approximately $27,000. UBS Group AG bought a new stake in shares of Atlis Motor Vehicles during the fourth quarter valued at approximately $30,000. CIBC Asset Management Inc bought a new stake in shares of Atlis Motor Vehicles during the first quarter valued at approximately $35,000. Finally, Renaissance Technologies LLC purchased a new position in shares of Atlis Motor Vehicles during the fourth quarter valued at approximately $40,000.

About Atlis Motor Vehicles

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Atlis Motor Vehicles, Inc develops and manufactures electric vehicle trucks and charging infrastructure. The company offers ATLIS Energy, a superior battery technology solution; ATLIS Charging, an advanced charging station; ATLIS XP; and ATLIS XT pickup truck. Its target customers for the Atlis XT are work vehicle fleet owners and individual buyers; and Atlis XP Platform are work vehicle and upfit vehicle manufacturers.