RLX Technology Inc. (NYSE:RLX – Get Free Report) shares saw unusually-strong trading volume on Monday following a dividend announcement from the company. Approximately 6,332,674 shares were traded during trading, an increase of 40% from the previous session’s volume of 4,528,921 shares.The stock last traded at $1.79 and had previously closed at $1.69.
The newly announced dividend which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a dividend of $0.01 per share. This represents a dividend yield of 0.59%. The ex-dividend date is Friday, December 6th. RLX Technology’s payout ratio is 25.01%.
RLX Technology Stock Up 8.0 %
The stock has a 50 day moving average price of $1.69 and a 200 day moving average price of $1.77. The stock has a market capitalization of $2.87 billion, a price-to-earnings ratio of 45.64 and a beta of 0.93.
Institutional Trading of RLX Technology
Hedge funds have recently made changes to their positions in the company. Centiva Capital LP bought a new stake in RLX Technology in the third quarter worth approximately $29,000. Blue Trust Inc. lifted its position in shares of RLX Technology by 284.8% during the 3rd quarter. Blue Trust Inc. now owns 35,428 shares of the company’s stock valued at $65,000 after buying an additional 26,220 shares during the last quarter. Profund Advisors LLC purchased a new stake in RLX Technology during the 2nd quarter worth about $72,000. Bank of New York Mellon Corp lifted its holdings in RLX Technology by 36.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 39,615 shares of the company’s stock worth $73,000 after purchasing an additional 10,596 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in RLX Technology in the 3rd quarter worth about $108,000. 22.68% of the stock is owned by institutional investors and hedge funds.
RLX Technology Company Profile
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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