Kaixin (NASDAQ:KXIN) Trading Down 5.2% – Here’s Why

Kaixin Holdings (NASDAQ:KXINGet Free Report) dropped 5.2% during trading on Tuesday . The company traded as low as $1.82 and last traded at $1.83. Approximately 278,545 shares were traded during mid-day trading, a decline of 43% from the average daily volume of 484,487 shares. The stock had previously closed at $1.93.

Kaixin Stock Up 2.2 %

The firm has a 50 day simple moving average of $6.75 and a two-hundred day simple moving average of $6.86.

About Kaixin

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Kaixin Auto Holdings primarily engages in the sale of domestic and imported automobiles in the People's Republic of China. It focuses on automobiles brands, such as Audi, BMW, Mercedes-Benz, Land Rover, Bentley, Rolls-Royce, and Porsche. The company is headquartered in Beijing, the People's Republic of China.

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