Pony AI Inc. (NASDAQ:PONY - Get Free Report)'s stock price traded up 13.2% during mid-day trading on Friday . The company traded as high as $9.80 and last traded at $8.57. 18,900,255 shares changed hands during trading, an increase of 759% from the average session volume of 2,199,262 shares. The stock had previously closed at $7.57.
Analyst Upgrades and Downgrades
Separately, Deutsche Bank Aktiengesellschaft assumed coverage on Pony AI in a report on Tuesday, January 14th. They set a "buy" rating and a $20.00 target price for the company.
Get Our Latest Research Report on PONY
Pony AI Trading Up 47.2 %
The firm's fifty day moving average price is $10.65.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in Pony AI during the 4th quarter valued at about $281,000. Neumann Advisory Hong Kong Ltd bought a new stake in shares of Pony AI during the 4th quarter worth about $14,808,000. Matthews International Capital Management LLC bought a new stake in shares of Pony AI during the 4th quarter worth about $1,654,000. Robeco Schweiz AG bought a new stake in shares of Pony AI during the 4th quarter worth about $8,811,000. Finally, IDG China Capital Fund III Associates L.P. bought a new stake in shares of Pony AI during the 4th quarter worth about $93,700,000.
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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