RLX Technology (NYSE:RLX) Sets New 1-Year High – Here’s What Happened

by · The Cerbat Gem

RLX Technology Inc. (NYSE:RLX – Get Free Report)’s share price hit a new 52-week high on Monday . The stock traded as high as $2.19 and last traded at $2.18, with a volume of 4584674 shares. The stock had previously closed at $2.12.

RLX Technology Trading Down 0.9 %

The stock has a 50 day simple moving average of $1.83 and a 200-day simple moving average of $1.77. The firm has a market cap of $3.39 billion, a PE ratio of 54.01 and a beta of 1.03.

RLX Technology Announces Dividend

The firm also recently announced an annual dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a dividend of $0.01 per share. This represents a yield of 0.59%. The ex-dividend date of this dividend was Friday, December 6th. RLX Technology’s dividend payout ratio (DPR) is presently 25.00%.

Institutional Trading of RLX Technology

A number of institutional investors and hedge funds have recently bought and sold shares of RLX. First Beijing Investment Ltd increased its holdings in shares of RLX Technology by 33.6% in the third quarter. First Beijing Investment Ltd now owns 28,440,248 shares of the company’s stock worth $51,477,000 after purchasing an additional 7,159,064 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in RLX Technology during the 3rd quarter valued at approximately $2,386,000. Point72 Asset Management L.P. raised its holdings in shares of RLX Technology by 8,292.2% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,313,300 shares of the company’s stock worth $2,377,000 after acquiring an additional 1,297,651 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of RLX Technology by 58.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 612,067 shares of the company’s stock valued at $1,108,000 after acquiring an additional 225,200 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of RLX Technology by 14.5% in the third quarter. Franklin Resources Inc. now owns 293,830 shares of the company’s stock valued at $497,000 after purchasing an additional 37,294 shares in the last quarter. 22.68% of the stock is currently owned by institutional investors.

About RLX Technology

(Get Free Report)

RLX Technology Inc, together with its subsidiaries, engages in the manufacture and sale of e-vapor products in the People's Republic of China and internationally. It serves partner distributors and retail outlets. The company was founded in 2018 and is headquartered in Beijing, China.

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