ZEEKR Intelligent Technology (NYSE:ZK) Stock Price Down 2.2% - Should You Sell?

Shares of ZEEKR Intelligent Technology Holding Limited (NYSE:ZK - Get Free Report) fell 2.2% during trading on Thursday . The company traded as low as $25.36 and last traded at $25.55. 133,376 shares were traded during mid-day trading, a decline of 85% from the average session volume of 867,552 shares. The stock had previously closed at $26.12.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. CICC Research initiated coverage on ZEEKR Intelligent Technology in a research report on Friday, October 25th. They issued an "outperform" rating and a $31.74 target price for the company. Bank of America decreased their target price on shares of 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. Finally, Macquarie assumed 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 target on the stock. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $32.02.

ZEEKR Intelligent Technology Trading Down 4.1 %

The stock's 50 day simple moving average is $24.09 and its 200 day simple moving average is $20.68.

Institutional Investors Weigh In On ZEEKR Intelligent Technology

Institutional investors have recently made changes to their positions in the company. Point72 Hong Kong Ltd acquired a new position in ZEEKR Intelligent Technology in the second quarter worth $31,236,000. Point72 Asset Management L.P. acquired a new position in ZEEKR Intelligent Technology in the second quarter valued at approximately $20,388,000. WT Asset Management Ltd bought a new position in ZEEKR Intelligent Technology during the 3rd quarter worth $446,000. Westwood Holdings Group Inc. acquired a new stake in shares of ZEEKR Intelligent Technology in the 2nd quarter worth about $1,288,000. Finally, Prudential PLC bought a new position in ZEEKR Intelligent Technology in the 2nd quarter worth about $4,194,000.

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.

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