Pony AI Inc. (NASDAQ:PONY - Get Free Report) shares dropped 4.7% during mid-day trading on Friday . The stock traded as low as $14.30 and last traded at $14.47. Approximately 189,501 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 368,915 shares. The stock had previously closed at $15.19.
Analyst Upgrades and Downgrades
Several research firms recently commented on PONY. Bank of America began coverage on shares of Pony AI in a research report on Monday, December 23rd. They set a "buy" rating and a $18.00 price target on the stock. The Goldman Sachs Group initiated coverage on Pony AI in a research report on Monday, December 23rd. They set a "buy" rating and a $19.60 target price on the stock.
Read Our Latest Stock Report on PONY
Pony AI Trading Down 3.4 %
Pony AI Company Profile
(
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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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