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

Shares of RLX Technology Inc. (NYSE:RLX) hit a new 52-week high during mid-day trading on Saturday . The stock traded as high as $2.37 and last traded at $2.29, with a volume of 8611970 shares trading hands. The stock had previously closed at $2.20.

RLX Technology Stock Performance

The company’s 50 day simple moving average is $1.98 and its two-hundred day simple moving average is $1.80.

RLX Technology Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a yield of 0.59%. RLX Technology’s dividend payout ratio is 25.01%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in RLX. Barclays PLC lifted its position in RLX Technology by 5.0% during the 3rd quarter. Barclays PLC now owns 110,471 shares of the company’s stock valued at $200,000 after purchasing an additional 5,267 shares during the period. Bank of New York Mellon Corp raised its stake in shares of RLX Technology by 36.5% during the second quarter. Bank of New York Mellon Corp now owns 39,615 shares of the company’s stock worth $73,000 after buying an additional 10,596 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in RLX Technology in the fourth quarter valued at approximately $31,000. Centiva Capital LP acquired a new stake in RLX Technology during the 3rd quarter worth $29,000. Finally, SG Americas Securities LLC raised its position in shares of RLX Technology by 7.6% during the 4th quarter. SG Americas Securities LLC now owns 303,215 shares of the company’s stock valued at $655,000 after acquiring an additional 21,476 shares during the last quarter. Institutional investors and hedge funds own 22.68% of the company’s stock.

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.