Ryde Group (NYSEAMERICAN:RYDE) Trading 9.8% Higher – What’s Next?

Shares of Ryde Group Ltd. (NYSEAMERICAN:RYDE) rose 9.8% on Thursday . The stock traded as high as $0.52 and last traded at $0.51. Approximately 740,041 shares were traded during trading, a decline of 26% from the average daily volume of 995,735 shares. The stock had previously closed at $0.46.

Ryde Group Price Performance

Institutional Investors Weigh In On Ryde Group

A hedge fund recently bought a new stake in Ryde Group stock. XTX Topco Ltd purchased a new stake in Ryde Group Ltd. (NYSEAMERICAN:RYDE) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 24,486 shares of the company’s stock, valued at approximately $149,000. XTX Topco Ltd owned approximately 0.13% of Ryde Group at the end of the most recent quarter.

About Ryde Group

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.