Shares of ZEEKR Intelligent Technology Holding Limited (NYSE:ZK - Get Free Report) shot up 1.3% on Friday . The company traded as high as $26.25 and last traded at $25.49. 342,428 shares traded hands during mid-day trading, a decline of 60% from the average session volume of 865,702 shares. The stock had previously closed at $25.17.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on ZK shares. Macquarie began coverage on shares of ZEEKR Intelligent Technology in a research note on Thursday, October 3rd. They set an "outperform" rating and a $33.00 price objective on the stock. CICC Research began coverage on ZEEKR Intelligent Technology in a research report on Friday, October 25th. They issued an "outperform" rating and a $31.74 target price on the stock. Finally, Bank of America reduced their price target on ZEEKR Intelligent Technology from $30.00 to $26.00 and set a "buy" rating for the company in a research note on Thursday, August 22nd. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $32.02.
Check Out Our Latest Stock Analysis on ZK
ZEEKR Intelligent Technology Stock Performance
The stock has a 50-day moving average price of $24.22 and a 200-day moving average price of $20.71.
Institutional Trading of ZEEKR Intelligent Technology
Large investors have recently made changes to their positions in the company. Sandia Investment Management LP purchased a new position in shares of ZEEKR Intelligent Technology during the second quarter valued at approximately $94,000. Barclays PLC grew its holdings in ZEEKR Intelligent Technology by 28.5% during the third quarter. Barclays PLC now owns 9,456 shares of the company's stock valued at $211,000 after purchasing an additional 2,097 shares during the period. Green Alpha Advisors LLC purchased a new stake in ZEEKR Intelligent Technology in the third quarter worth $219,000. Marshall Wace LLP bought a new stake in ZEEKR Intelligent Technology in the 2nd quarter valued at about $347,000. Finally, WT Asset Management Ltd purchased a new stake in shares of ZEEKR Intelligent Technology during the 3rd quarter valued at approximately $446,000.
About ZEEKR Intelligent Technology
(
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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.
See Also
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