ZEEKR Intelligent Technology Holding Limited (NYSE:ZK - Get Free Report)'s stock price shot up 7.6% during trading on Thursday . The company traded as high as $26.88 and last traded at $27.06. 251,653 shares changed hands during trading, a decline of 41% from the average session volume of 428,237 shares. The stock had previously closed at $25.14.
Wall Street Analyst Weigh In
Separately, CICC Research began coverage on ZEEKR Intelligent Technology in a report on Friday, October 25th. They issued an "outperform" rating and a $31.74 price target for the company. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, ZEEKR Intelligent Technology presently has a consensus rating of "Buy" and an average price target of $32.02.
Check Out Our Latest Research Report on ZEEKR Intelligent Technology
ZEEKR Intelligent Technology Stock Down 3.3 %
The stock has a 50 day simple moving average of $27.10 and a 200 day simple moving average of $22.60.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in ZK. Charles Schwab Investment Management Inc. acquired a new position in shares of ZEEKR Intelligent Technology during the fourth quarter valued at $589,000. Oppenheimer & Co. Inc. bought a new stake in ZEEKR Intelligent Technology in the 4th quarter valued at about $910,000. Central Asset Investments & Management Holdings HK Ltd acquired a new position in ZEEKR Intelligent Technology during the 4th quarter valued at about $383,000. Renaissance Capital LLC grew its position in ZEEKR Intelligent Technology by 119.0% in the 4th quarter. Renaissance Capital LLC now owns 49,697 shares of the company's stock worth $1,410,000 after purchasing an additional 27,001 shares during the last quarter. Finally, China Universal Asset Management Co. Ltd. acquired a new stake in shares of ZEEKR Intelligent Technology in the fourth quarter valued at approximately $341,000.
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.
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