ZEEKR Intelligent Technology Holding Limited (NYSE:ZK - Get Free Report)'s stock price shot up 8.1% on Thursday . The company traded as high as $26.23 and last traded at $27.03. 116,535 shares changed hands during trading, a decline of 72% from the average session volume of 411,843 shares. The stock had previously closed at $25.01.
Wall Street Analysts Forecast Growth
Separately, CICC Research assumed coverage on shares of ZEEKR Intelligent Technology in a research note on Friday, October 25th. They set an "outperform" rating and a $31.74 price objective for the company. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $32.02.
Get Our Latest Stock Report on ZEEKR Intelligent Technology
ZEEKR Intelligent Technology Stock Performance
The stock has a 50-day simple moving average of $26.81 and a 200-day simple moving average of $22.33.
Institutional Trading of ZEEKR Intelligent Technology
A number of hedge funds and other institutional investors have recently modified their holdings of ZK. Barclays PLC boosted its holdings in shares of ZEEKR Intelligent Technology by 28.5% during the third quarter. Barclays PLC now owns 9,456 shares of the company's stock worth $211,000 after purchasing an additional 2,097 shares during the period. Renaissance Capital LLC lifted its position in ZEEKR Intelligent Technology by 20.0% in the 3rd quarter. Renaissance Capital LLC now owns 22,696 shares of the company's stock worth $506,000 after buying an additional 3,789 shares in the last quarter. Green Alpha Advisors LLC boosted its stake in shares of ZEEKR Intelligent Technology by 55.4% during the 4th quarter. Green Alpha Advisors LLC now owns 15,283 shares of the company's stock valued at $434,000 after buying an additional 5,447 shares during the period. China Universal Asset Management Co. Ltd. purchased a new position in shares of ZEEKR Intelligent Technology during the 4th quarter valued at $341,000. Finally, HITE Hedge Asset Management LLC increased its stake in shares of ZEEKR Intelligent Technology by 52.4% in the third quarter. HITE Hedge Asset Management LLC now owns 48,202 shares of the company's stock worth $1,074,000 after acquiring an additional 16,564 shares during the last quarter.
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.
Further Reading
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