Pony AI Inc. (NASDAQ:PONY - Get Free Report) shares dropped 7.5% on Monday . The stock traded as low as $13.72 and last traded at $13.95. Approximately 147,567 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 1,163,313 shares. The stock had previously closed at $15.08.
Wall Street Analyst Weigh In
Several equities analysts recently commented on PONY shares. Bank of America initiated coverage on shares of Pony AI in a research note on Monday, December 23rd. They set a "buy" rating and a $18.00 price objective for the company. The Goldman Sachs Group started coverage on shares of Pony AI in a report on Monday, December 23rd. They issued a "buy" rating and a $19.60 price objective for the company.
Read Our Latest Stock Report on Pony AI
Pony AI Trading Down 5.2 %
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.
Further Reading
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