Pony AI Inc. (NASDAQ:PONY - Get Free Report)'s stock price reached a new 52-week high on Wednesday . The company traded as high as $16.68 and last traded at $16.56, with a volume of 1249975 shares traded. The stock had previously closed at $14.09.
Analyst Ratings Changes
A number of brokerages have weighed in on PONY. Bank of America initiated coverage on shares of Pony AI in a report on Monday, December 23rd. They issued a "buy" rating and a $18.00 price target on the stock. The Goldman Sachs Group assumed coverage on Pony AI in a research report on Monday, December 23rd. They set a "buy" rating and a $19.60 price target for the company. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Pony AI in a research note on Tuesday, January 14th. They set a "buy" rating and a $20.00 price target for the company.
Get Our Latest Research Report on PONY
Pony AI Price Performance
The firm has a 50-day moving average price of $13.88.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in PONY. Neumann Advisory Hong Kong Ltd purchased a new stake in Pony AI during the 4th quarter worth $14,808,000. Matthews International Capital Management LLC acquired a new stake in shares of Pony AI during the fourth quarter valued at about $1,654,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Pony AI during the fourth quarter worth about $281,000. Lingotto Investment Management LLP acquired a new position in shares of Pony AI in the fourth quarter worth about $17,220,000. Finally, Robeco Schweiz AG purchased a new position in Pony AI in the fourth quarter valued at about $8,811,000.
About Pony AI
(
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Pony AI Inc, through its subsidiaries, engages in the autonomous mobility principally in the People's Republic of China and the United States. The company provides robotruck services, such as transportation services to the logistics platforms. Pony AI Inc is based in Guangzhou, the People's Republic of China.
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