VinFast Auto (NASDAQ:VFSWW) Shares Down 8.6% – Here’s What Happened

VinFast Auto Ltd. (NASDAQ:VFSWW) fell 8.6% during mid-day trading on Wednesday . The stock traded as low as $0.40 and last traded at $0.40. 1,882 shares traded hands during trading, a decline of 91% from the average session volume of 21,257 shares. The stock had previously closed at $0.44.

VinFast Auto Trading Down 8.6 %

The company has a fifty day simple moving average of $0.41 and a two-hundred day simple moving average of $0.47.

Institutional Investors Weigh In On VinFast Auto

A hedge fund recently bought a new stake in VinFast Auto stock. Wolverine Asset Management LLC acquired a new position in VinFast Auto Ltd. (NASDAQ:VFSWW) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 56,765 shares of the company’s stock, valued at approximately $28,000.

About VinFast Auto

VinFast Auto Ltd. engages in the design and manufacture of electric vehicles (EV), e-scooters, and e-buses in Vietnam, Canada, and the United States. The company operates through three segments: Automobiles, E-scooter, and Spare Parts & Aftermarket Services. The Automobiles segment offers design, development, manufacturing, and sale of cars and electric buses, and related battery lease and battery charging services for electric cars and buses.