RLX Technology (NYSE:RLX) Shares Gap Up – Here’s What Happened

RLX Technology Inc. (NYSE:RLX)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $2.21, but opened at $2.31. RLX Technology shares last traded at $2.21, with a volume of 1,672,592 shares traded.

RLX Technology Trading Down 0.5 %

The company’s 50 day simple moving average is $1.86 and its 200-day simple moving average is $1.78. The firm has a market cap of $3.46 billion, a P/E ratio of 55.01 and a beta of 1.03.

RLX Technology Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given 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 (DPR) is 25.00%.

Institutional Investors Weigh In On RLX Technology

Large investors have recently added to or reduced their stakes in the stock. Centiva Capital LP purchased a new position in shares of RLX Technology in the 3rd quarter worth $29,000. Blue Trust Inc. lifted its holdings in RLX Technology by 284.8% in the third quarter. Blue Trust Inc. now owns 35,428 shares of the company’s stock valued at $65,000 after acquiring an additional 26,220 shares during the period. Profund Advisors LLC purchased a new position in RLX Technology in the second quarter worth about $72,000. Bank of New York Mellon Corp boosted its position in RLX Technology by 36.5% in the second quarter. Bank of New York Mellon Corp now owns 39,615 shares of the company’s stock worth $73,000 after purchasing an additional 10,596 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of RLX Technology during the 3rd quarter valued at about $108,000. Institutional investors own 22.68% of the company’s stock.

About RLX Technology

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.