ZEEKR Intelligent Technology (NYSE:ZK) Shares Gap Down - Should You Sell?

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK - Get Free Report)'s stock price gapped down before the market opened on Friday . The stock had previously closed at $26.25, but opened at $24.38. ZEEKR Intelligent Technology shares last traded at $25.90, with a volume of 232,426 shares.

ZEEKR Intelligent Technology Stock Performance

The firm's 50-day moving average price is $26.37 and its 200 day moving average price is $23.74.

Institutional Investors Weigh In On ZEEKR Intelligent Technology

Several institutional investors have recently modified their holdings of ZK. FMR LLC acquired a new stake in shares of ZEEKR Intelligent Technology during the 4th quarter worth approximately $106,036,000. Intel Corp acquired a new position in ZEEKR Intelligent Technology during the fourth quarter valued at approximately $71,785,000. Vanguard Group Inc. acquired a new position in ZEEKR Intelligent Technology during the fourth quarter valued at approximately $22,125,000. Renaissance Technologies LLC grew its holdings in ZEEKR Intelligent Technology by 90.8% during the fourth quarter. Renaissance Technologies LLC now owns 505,000 shares of the company's stock valued at $14,332,000 after purchasing an additional 240,300 shares during the period. Finally, Polymer Capital Management HK LTD acquired a new position in ZEEKR Intelligent Technology during the third quarter valued at approximately $3,836,000.

ZEEKR Intelligent Technology Company Profile

ZEEKR Intelligent Technology Holding Limited, an investment holding company, engages in the research and development, production, commercialization, and sale of the electric vehicles and batteries. It offers battery electric passenger vehicles (BEVs) and SUVs. The company also produces and sells electric powertrain and battery packs for electric vehicles, such as motors and electric control systems; and provides automotive related research and development services.