Lotus Technology (NASDAQ:LOTWW) Shares Up 49.3% – Should You Buy?

Lotus Technology Inc. (NASDAQ:LOTWWGet Free Report)’s share price shot up 49.3% on Friday . The stock traded as high as $0.26 and last traded at $0.25. 1,533 shares changed hands during trading, a decline of 96% from the average session volume of 35,025 shares. The stock had previously closed at $0.17.

Lotus Technology Price Performance

The stock’s 50-day simple moving average is $0.25 and its 200-day simple moving average is $0.29.

About Lotus Technology

(Get Free Report)

Lotus Technology Inc engages in the design, development, and sale of battery electric lifestyle vehicles worldwide. It also distributes sports cars. The company sells its products under the Lotus brand. Lotus Technology Inc is based in Shanghai, China.

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