Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $0.97, but opened at $1.00. Polestar Automotive Holding UK shares last traded at $1.02, with a volume of 2,056,515 shares trading hands.
Analysts Set New Price Targets
PSNY has been the subject of several research reports. Cantor Fitzgerald reissued an "overweight" rating and set a $5.00 price objective on shares of Polestar Automotive Holding UK in a report on Monday, July 1st. Barclays decreased their target price on shares of Polestar Automotive Holding UK from $2.00 to $1.00 and set an "underweight" rating for the company in a research note on Wednesday, July 3rd. Piper Sandler reissued a "neutral" rating and set a $2.00 price target (down from $3.00) on shares of Polestar Automotive Holding UK in a report on Friday, March 15th. Finally, Citigroup cut their price objective on Polestar Automotive Holding UK from $2.50 to $1.70 and set a "neutral" rating for the company in a report on Thursday, May 16th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Polestar Automotive Holding UK presently has a consensus rating of "Hold" and an average price target of $3.31.
Get Our Latest Report on PSNY
Polestar Automotive Holding UK Stock Performance
The business's 50-day moving average price is $0.96 and its 200-day moving average price is $1.48.
Institutional Trading of Polestar Automotive Holding UK
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Principal Street Partners LLC purchased a new stake in Polestar Automotive Holding UK in the 4th quarter worth $28,000. Schechter Investment Advisors LLC purchased a new stake in shares of Polestar Automotive Holding UK during the fourth quarter worth about $35,000. Harel Insurance Investments & Financial Services Ltd. raised its stake in Polestar Automotive Holding UK by 32.2% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 20,991 shares of the company's stock valued at $47,000 after purchasing an additional 5,115 shares during the period. DNB Asset Management AS purchased a new position in Polestar Automotive Holding UK in the 2nd quarter worth approximately $48,000. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in Polestar Automotive Holding UK by 136.4% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 24,344 shares of the company's stock worth $55,000 after purchasing an additional 14,048 shares during the period. Hedge funds and other institutional investors own 1.02% of the company's stock.
About Polestar Automotive Holding UK
(
Get Free Report)
Polestar Automotive Holding UK PLC manufactures and sells premium electric vehicles. The company was founded in 2017 and is headquartered in Gothenburg, Sweden.
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