Shares of Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Get Free Report) saw strong trading volume on Friday . 2,559,466 shares changed hands during trading, a decline of 45% from the previous session's volume of 4,673,657 shares.The stock last traded at $0.69 and had previously closed at $0.72.
Analyst Ratings Changes
A number of research firms have commented on PSNY. Citigroup reduced their price target on shares of 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. Piper Sandler reiterated a "neutral" rating and set a $2.00 price objective (down from $3.00) on shares of Polestar Automotive Holding UK in a report on Friday, March 15th. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $5.00 price objective on shares of Polestar Automotive Holding UK in a research note on Friday, April 12th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $3.48.
Get Our Latest Stock Report on Polestar Automotive Holding UK
Polestar Automotive Holding UK Price Performance
The business has a 50 day simple moving average of $1.13 and a 200-day simple moving average of $1.64.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. Private Advisor Group LLC raised its stake in Polestar Automotive Holding UK by 159.5% in the 4th quarter. Private Advisor Group LLC now owns 62,550 shares of the company's stock valued at $141,000 after acquiring an additional 38,450 shares during the period. Invesco Ltd. boosted its holdings in Polestar Automotive Holding UK by 10.7% in the 3rd quarter. Invesco Ltd. now owns 2,833,547 shares of the company's stock worth $7,481,000 after buying an additional 273,479 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Polestar Automotive Holding UK by 67.6% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 288,172 shares of the company's stock valued at $608,000 after buying an additional 116,207 shares in the last quarter. Jump Financial LLC bought a new stake in Polestar Automotive Holding UK during the 4th quarter valued at $242,000. Finally, Rafferty Asset Management LLC lifted its position in shares of Polestar Automotive Holding UK by 18.7% during the third quarter. Rafferty Asset Management LLC now owns 62,999 shares of the company's stock worth $166,000 after acquiring an additional 9,942 shares in the last quarter. 1.02% of the stock is owned by institutional investors.
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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