Ryde Group (NYSEAMERICAN:RYDE) CEO Sells $525,937.50 in Stock

Ryde Group Ltd. (NYSEAMERICAN:RYDE) CEO Junming Terence Zou sold 618,750 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $0.85, for a total value of $525,937.50. The sale was disclosed in a document filed with the SEC, which is available through this link.

Ryde Group Stock Performance

NYSEAMERICAN RYDE opened at $0.95 on Thursday. The stock’s 50 day simple moving average is $0.95 and its 200-day simple moving average is $0.58. Ryde Group Ltd. has a 1-year low of $0.16 and a 1-year high of $1.55.

Ryde Group (NYSEAMERICAN:RYDE) last issued its quarterly earnings results on Friday, April 24th. The company reported ($0.12) EPS for the quarter. The company had revenue of $2.60 million during the quarter.

Hedge Funds Weigh In On Ryde Group

A hedge fund recently raised its stake in Ryde Group stock. Citadel Advisors LLC increased its holdings in shares of Ryde Group Ltd. (NYSEAMERICAN:RYDE) by 311.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 71,709 shares of the company’s stock after acquiring an additional 54,272 shares during the quarter. Citadel Advisors LLC owned about 0.21% of Ryde Group worth $27,000 at the end of the most recent reporting period.

Ryde Group Company Profile

Ryde Group Ltd engages in mobility and quick commerce businesses in Singapore. The Mobility segment provides on-demand and scheduled carpooling and ride-hailing services. The Quick Commerce segment offers real-time on-demand, scheduled, and multi-stop parcel delivery services. The company was founded in 2014 and is headquartered in Singapore.