Ryde Group (NYSEAMERICAN:RYDE) CEO Junming Terence Zou Sells 618,750 Shares of Stock

Ryde Group Ltd. (NYSEAMERICAN:RYDE) CEO Junming Terence Zou sold 618,750 shares of the stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $0.85, for a total value of $525,937.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Ryde Group Trading Down 1.1%

NYSEAMERICAN RYDE opened at $0.98 on Tuesday. The business’s 50-day moving average price is $0.94 and its 200 day moving average price is $0.57. Ryde Group Ltd. has a twelve month low of $0.16 and a twelve month high of $1.55.

Ryde Group (NYSEAMERICAN:RYDE) last released its earnings results on Friday, April 24th. The company reported ($0.12) earnings per share for the quarter. The company had revenue of $2.60 million during the quarter.

Hedge Funds Weigh In On Ryde Group

An institutional investor recently raised its position in Ryde Group stock. Citadel Advisors LLC raised its position in Ryde Group Ltd. (NYSEAMERICAN:RYDE) by 311.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,709 shares of the company’s stock after purchasing an additional 54,272 shares during the quarter. Citadel Advisors LLC owned 0.21% of Ryde Group worth $27,000 at the end of the most recent quarter.

About Ryde Group

Ryde Group Ltd engages in mobility and quick commerce businesses in Singapore. The Mobility segment provides on-demand and scheduled carpooling and ride-hailing services. The Quick Commerce segment offers real-time on-demand, scheduled, and multi-stop parcel delivery services. The company was founded in 2014 and is headquartered in Singapore.