Full Truck Alliance (NYSE:YMM) Sees Strong Trading Volume

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Full Truck Alliance Co. Ltd. (NYSE:YMM) shares saw unusually-strong trading volume on Tuesday . Approximately 60,613 shares were traded during mid-day trading, a decline of 98% from the previous session’s volume of 3,871,180 shares.The stock last traded at $8.57 and had previously closed at $8.30.

The stock’s fifty day simple moving average is $12.78.

Full Truck Alliance (NYSE:YMM) last released its earnings results on Wednesday, November 17th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.01. The business had revenue of $192.70 million during the quarter.

Several large investors have recently added to or reduced their stakes in YMM. Krane Funds Advisors LLC acquired a new position in shares of Full Truck Alliance during the 3rd quarter worth $340,037,000. Invesco Ltd. purchased a new stake in Full Truck Alliance during the 2nd quarter worth about $345,594,000. Ontario Teachers Pension Plan Board purchased a new stake in Full Truck Alliance during the 3rd quarter worth about $82,217,000. Whale Rock Capital Management LLC purchased a new stake in Full Truck Alliance during the 2nd quarter worth about $106,657,000. Finally, Green Court Capital Management Ltd purchased a new stake in Full Truck Alliance during the 3rd quarter worth about $51,922,000. 23.83% of the stock is owned by institutional investors and hedge funds.

About Full Truck Alliance (NYSE:YMM)

Full Truck Alliance Co Ltd., together with its subsidiaries, operates a digital freight platform that connects shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types in the People’s Republic of China. It offers freight listing, matching, and brokerage services; and online transaction services, as well as various value-added services.

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