Shares of KXIN traded down $0.03 during trading hours on Tuesday, hitting $1.92. The company had a trading volume of 909 shares, compared to its average volume of 27,020. Kaixin Auto has a one year low of $1.06 and a one year high of $11.00. The business’s fifty day moving average price is $1.72.
In related news, Director Sing Wang purchased 76,983 shares of Kaixin Auto stock in a transaction dated Wednesday, June 26th. The stock was purchased at an average cost of $2.15 per share, with a total value of $165,513.45. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Over the last three months, insiders bought 105,651 shares of company stock valued at $228,583. Corporate insiders own 20.78% of the company’s stock.
About Kaixin Auto
Kaixin Auto Holdings operates as a used car dealership in the People's Republic of China. As of December 31, 2018, the company had 14 dealerships. It also provides financing channels to its customers through its partnership with financial institutions; and value-added services to its customers, including insurance, extended warranties, and after-sales services The company was founded in 2015 and is based in Beijing, the People's Republic of China.
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