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ZEEKR Intelligent Technology (NYSE:ZK) Shares Up 7.4% - Should You Buy?

ZEEKR Intelligent Technology logo with Auto/Tires/Trucks background
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Shares of ZEEKR Intelligent Technology Holding Limited (NYSE:ZK - Get Free Report) were up 7.4% during trading on Wednesday . The stock traded as high as $27.88 and last traded at $27.90. Approximately 244,337 shares traded hands during trading, a decline of 55% from the average daily volume of 547,797 shares. The stock had previously closed at $25.97.

ZEEKR Intelligent Technology Stock Performance

The firm's 50 day simple moving average is $26.35 and its 200 day simple moving average is $24.03.

Institutional Trading of ZEEKR Intelligent Technology

Several large investors have recently added to or reduced their stakes in the stock. FMR LLC bought a new stake in shares of ZEEKR Intelligent Technology during the 4th quarter valued at $106,036,000. Intel Corp bought a new stake in shares of ZEEKR Intelligent Technology during the 4th quarter valued at $71,785,000. Vanguard Group Inc. bought a new stake in shares of ZEEKR Intelligent Technology during the 4th quarter valued at $22,125,000. Renaissance Technologies LLC boosted its stake in ZEEKR Intelligent Technology by 90.8% in the 4th quarter. Renaissance Technologies LLC now owns 505,000 shares of the company's stock worth $14,332,000 after purchasing an additional 240,300 shares in the last quarter. Finally, Polymer Capital Management HK LTD bought a new position in ZEEKR Intelligent Technology in the 3rd quarter worth about $3,836,000.

ZEEKR Intelligent Technology Company Profile

(Get Free Report)

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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