Tuya (NYSE:TUYA) Hits New 1-Year High – What’s Next?

Tuya Inc. (NYSE:TUYA)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $2.20 and last traded at $2.16, with a volume of 384718 shares traded. The stock had previously closed at $2.10.

Tuya Price Performance

The stock has a 50-day moving average of $1.78 and a 200 day moving average of $1.63.

Institutional Investors Weigh In On Tuya

Several institutional investors have recently bought and sold shares of TUYA. Barclays PLC grew its holdings in shares of Tuya by 3.6% in the third quarter. Barclays PLC now owns 270,843 shares of the company’s stock valued at $447,000 after purchasing an additional 9,307 shares during the period. XTX Topco Ltd acquired a new stake in shares of Tuya during the second quarter worth about $27,000. Catalina Capital Group LLC acquired a new stake in Tuya during the 4th quarter worth approximately $29,000. Geode Capital Management LLC grew its stake in shares of Tuya by 14.5% in the third quarter. Geode Capital Management LLC now owns 133,150 shares of the company’s stock worth $220,000 after acquiring an additional 16,821 shares in the last quarter. Finally, Centiva Capital LP purchased a new stake in shares of Tuya during the third quarter worth $63,000. 11.47% of the stock is currently owned by institutional investors and hedge funds.

About Tuya

Tuya Inc offers purpose-built Internet of Things (IoT) cloud development platform in the People's Republic of China and internationally. The company provides platform-as-a-service that enables business, original equipment manufacturers, brands, and developers to develop, launch, manage, and monetize software-enabled smart devices and services; and industry software-as-a-service, which enables businesses to deploy, connect, and manage various types of smart devices.