RLX Technology (NYSE:RLX) Sets New 1-Year High – What’s Next?

RLX Technology Inc. (NYSE:RLX) hit a new 52-week high during trading on Saturday . The company traded as high as $2.37 and last traded at $2.29, with a volume of 8611970 shares trading hands. The stock had previously closed at $2.20.

RLX Technology Stock Performance

The firm has a 50 day moving average price of $1.98 and a two-hundred day moving average price of $1.80.

RLX Technology Announces Dividend

The firm also recently declared an annual dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a $0.01 dividend. This represents a dividend yield of 0.59%. The ex-dividend date of this dividend was Friday, December 6th. RLX Technology’s dividend payout ratio (DPR) is currently 25.01%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of RLX. First Beijing Investment Ltd grew its position in shares of RLX Technology by 33.6% in the third quarter. First Beijing Investment Ltd now owns 28,440,248 shares of the company’s stock valued at $51,477,000 after purchasing an additional 7,159,064 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in RLX Technology during the 3rd quarter valued at about $2,386,000. Point72 Asset Management L.P. increased its position in shares of RLX Technology by 8,292.2% during the third quarter. Point72 Asset Management L.P. now owns 1,313,300 shares of the company’s stock valued at $2,377,000 after buying an additional 1,297,651 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of RLX Technology by 58.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 612,067 shares of the company’s stock worth $1,108,000 after buying an additional 225,200 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in RLX Technology during the third quarter valued at approximately $221,000. 22.68% of the stock is currently owned by hedge funds and other institutional investors.

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.