Jayud Global Logistics (NASDAQ:JYD) Shares Down 6.4% – Here’s What Happened

Shares of Jayud Global Logistics Limited (NASDAQ:JYD) traded down 6.4% during trading on Wednesday . The stock traded as low as $3.63 and last traded at $3.63. 33,829 shares traded hands during trading, a decline of 98% from the average session volume of 2,121,893 shares. The stock had previously closed at $3.88.

Jayud Global Logistics Price Performance

The business’s fifty day moving average price is $3.28 and its two-hundred day moving average price is $1.78.

Hedge Funds Weigh In On Jayud Global Logistics

Institutional investors and hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC acquired a new stake in shares of Jayud Global Logistics in the 4th quarter worth $63,000. Renaissance Technologies LLC purchased a new stake in Jayud Global Logistics in the fourth quarter valued at about $993,000. Barclays PLC acquired a new stake in Jayud Global Logistics in the fourth quarter worth about $35,000. Citadel Advisors LLC purchased a new stake in shares of Jayud Global Logistics during the fourth quarter worth about $145,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Jayud Global Logistics during the fourth quarter valued at about $34,000. 67.92% of the stock is owned by hedge funds and other institutional investors.

About Jayud Global Logistics

Jayud Global Logistics Limited, through its subsidiaries, provides a range of cross-border supply chain solution services worldwide. The company offers freight forwarding services, including integrated cross-border logistics, fragmented logistics services, and chartered airline freight services. It also offers supply chain management services, such as international trading and agent services; and other value-added services comprising custom brokerage and intelligent logistic IT systems.