ZEEKR Intelligent Technology (NYSE:ZK) Shares Down 3.7% - Should You Sell?

Shares of ZEEKR Intelligent Technology Holding Limited (NYSE:ZK - Get Free Report) traded down 3.7% on Thursday . The stock traded as low as $26.08 and last traded at $27.33. 196,820 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 861,966 shares. The stock had previously closed at $28.38.

Wall Street Analyst Weigh In

ZK has been the topic of several analyst reports. CICC Research began 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 target on the stock. Macquarie started coverage on ZEEKR Intelligent Technology in a research report on Thursday, October 3rd. They set an "outperform" rating and a $33.00 target price on the stock. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $32.02.

ZEEKR Intelligent Technology Trading Down 4.4 %

The company's fifty day simple moving average is $26.14 and its two-hundred day simple moving average is $21.30.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Point72 Hong Kong Ltd bought a new stake in shares of ZEEKR Intelligent Technology during the 2nd quarter valued at about $31,236,000. Point72 Asset Management L.P. bought a new stake in shares of ZEEKR Intelligent Technology in the 2nd quarter worth approximately $20,388,000. Millennium Management LLC acquired a new position in ZEEKR Intelligent Technology during the 2nd quarter valued at approximately $17,478,000. Prudential PLC bought a new position in ZEEKR Intelligent Technology during the 2nd quarter worth $4,194,000. Finally, Polymer Capital Management HK LTD acquired a new stake in ZEEKR Intelligent Technology in the third quarter worth $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.