Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Get Free Report) shares saw strong trading volume on Monday . 2,197,656 shares traded hands during mid-day trading, a decline of 62% from the previous session's volume of 5,845,982 shares.The stock last traded at $0.84 and had previously closed at $0.79.
Analyst Ratings Changes
A number of research analysts recently commented on the company. Piper Sandler reaffirmed a "neutral" rating and issued a $2.00 price target (down previously from $3.00) on shares of Polestar Automotive Holding UK in a research note on Friday, March 15th. Citigroup dropped their price target on Polestar Automotive Holding UK from $2.50 to $1.70 and set a "neutral" rating for the company in a research note on Thursday, May 16th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $5.00 price target on shares of Polestar Automotive Holding UK in a research note on Monday. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $3.48.
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Polestar Automotive Holding UK Stock Performance
The company has a 50 day simple moving average of $0.98 and a 200 day simple moving average of $1.52.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the business. Principal Street Partners LLC bought a new stake in shares of Polestar Automotive Holding UK during the fourth quarter worth about $28,000. Schechter Investment Advisors LLC bought a new position in shares of Polestar Automotive Holding UK during the 4th quarter worth approximately $35,000. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of 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 worth $47,000 after buying an additional 5,115 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Polestar Automotive Holding UK by 136.4% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 24,344 shares of the company's stock worth $55,000 after buying an additional 14,048 shares in the last quarter. Finally, Bard Financial Services Inc. boosted its holdings in shares of Polestar Automotive Holding UK by 57.1% during the 4th quarter. Bard Financial Services Inc. now owns 27,500 shares of the company's stock worth $62,000 after buying an additional 10,000 shares in the last quarter. Institutional investors and hedge funds own 1.02% of the company's stock.
About Polestar Automotive Holding UK
(
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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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