Shares of Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Get Free Report) saw unusually-high trading volume on Monday . Approximately 15,471,217 shares were traded during trading, an increase of 103% from the previous session's volume of 7,639,728 shares.The stock last traded at $0.98 and had previously closed at $0.89.
Wall Street Analyst Weigh In
PSNY has been the topic of a number of research reports. Citigroup reduced their target price on shares of Polestar Automotive Holding UK from $2.50 to $1.70 and set a "neutral" rating on the stock in a report on Thursday, May 16th. Barclays reduced their target price on shares of Polestar Automotive Holding UK from $2.00 to $1.00 and set an "underweight" rating on the stock in a report on Wednesday, July 3rd. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $3.00 target price on shares of Polestar Automotive Holding UK in a report on Friday, August 16th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $1.77.
View Our Latest Stock Report on PSNY
Polestar Automotive Holding UK Price Performance
The stock's 50 day moving average price is $0.80 and its 200 day moving average price is $1.17.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of PSNY. Harel Insurance Investments & Financial Services Ltd. boosted its stake in Polestar Automotive Holding UK by 77.3% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 31,239 shares of the company's stock worth $25,000 after acquiring an additional 13,624 shares in the last quarter. Public Employees Retirement Association of Colorado purchased a new stake in Polestar Automotive Holding UK during the second quarter worth about $26,000. Principal Street Partners LLC purchased a new stake in Polestar Automotive Holding UK during the fourth quarter worth about $28,000. SG Americas Securities LLC bought a new position in Polestar Automotive Holding UK during the second quarter worth about $32,000. Finally, Versor Investments LP bought a new position in Polestar Automotive Holding UK during the second quarter worth about $47,000. 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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