Key Points
- Ryde Group CEO Junming Terence Zou sold 618,750 shares on Monday, May 18 at an average price of $0.85, generating about $525,937.50 in proceeds.
- The sale comes as RYDE shares traded around $0.98, above the transaction price, with the stock ranging from a 52-week low of $0.16 to a high of $1.55.
- Ryde Group recently reported quarterly EPS of -$0.12 on revenue of $2.60 million, while Citadel Advisors LLC boosted its stake by 311.2% in the latest disclosed quarter.
Ryde Group Ltd. (NYSEAMERICAN:RYDE - Get Free Report) CEO Junming Terence Zou sold 618,750 shares of the firm's stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $0.85, for a total value of $525,937.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Ryde Group Stock Performance
Ryde Group stock opened at $0.98 on Tuesday. The stock's 50-day moving average is $0.94 and its 200-day moving average is $0.57. Ryde Group Ltd. has a 12 month low of $0.16 and a 12 month high of $1.55.
Ryde Group (NYSEAMERICAN:RYDE - Get Free Report) last released its quarterly earnings data on Friday, April 24th. The company reported ($0.12) EPS for the quarter. The firm had revenue of $2.60 million during the quarter.
Institutional Investors Weigh In On Ryde Group
An institutional investor recently raised its position in Ryde Group stock. Citadel Advisors LLC increased its stake in Ryde Group Ltd. (NYSEAMERICAN:RYDE - Free Report) by 311.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 71,709 shares of the company's stock after buying an additional 54,272 shares during the quarter. Citadel Advisors LLC owned about 0.21% of Ryde Group worth $27,000 as of its most recent filing with the SEC.
Ryde Group Company Profile
(
Get Free Report)
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.
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