RLX Technology Target of Unusually Large Options Trading (NYSE:RLX)

RLX Technology Inc. (NYSE:RLXGet Free Report) was the target of some unusual options trading on Wednesday. Stock traders acquired 59,159 call options on the company. This represents an increase of approximately 26,548% compared to the average volume of 222 call options.

RLX Technology Stock Up 5.6 %

Shares of RLX stock opened at $1.89 on Friday. The business has a 50-day moving average price of $1.69 and a two-hundred day moving average price of $1.82. RLX Technology has a 12-month low of $1.49 and a 12-month high of $2.40. The firm has a market cap of $2.97 billion, a P/E ratio of 37.80 and a beta of 0.92.

RLX Technology (NYSE:RLXGet Free Report) last released its earnings results on Friday, August 16th. The company reported $0.01 earnings per share for the quarter. RLX Technology had a return on equity of 2.48% and a net margin of 18.25%. The company had revenue of $86.30 million during the quarter.

Institutional Investors Weigh In On RLX Technology

Institutional investors have recently made changes to their positions in the business. Profund Advisors LLC purchased a new position in RLX Technology in the 2nd quarter worth $72,000. Bank of New York Mellon Corp grew 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 valued at $73,000 after buying an additional 10,596 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of RLX Technology in the second quarter worth about $146,000. Point72 Europe London LLP bought a new stake in shares of RLX Technology in the 4th quarter valued at about $616,000. Finally, SG Americas Securities LLC boosted its holdings in RLX Technology by 7,420.4% during the 2nd quarter. SG Americas Securities LLC now owns 4,729,553 shares of the company’s stock valued at $8,702,000 after acquiring an additional 4,666,663 shares during the period. Hedge funds and other institutional investors own 22.68% of the company’s stock.

RLX Technology Company Profile

(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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