Millennium Management LLC lowered its stake in shares of Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Free Report) by 72.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 233,812 shares of the company's stock after selling 621,911 shares during the period. Millennium Management LLC's holdings in Polestar Automotive Holding UK were worth $246,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in Polestar Automotive Holding UK during the fourth quarter worth $33,000. Bank of New York Mellon Corp acquired a new position in shares of Polestar Automotive Holding UK in the fourth quarter worth about $37,000. Alliancebernstein L.P. purchased a new stake in shares of Polestar Automotive Holding UK during the 4th quarter worth about $42,000. Performa Ltd US LLC grew its position in shares of Polestar Automotive Holding UK by 23.6% during the 4th quarter. Performa Ltd US LLC now owns 82,520 shares of the company's stock valued at $87,000 after acquiring an additional 15,752 shares during the period. Finally, Barclays PLC purchased a new position in shares of Polestar Automotive Holding UK in the 4th quarter valued at about $94,000. Institutional investors and hedge funds own 1.02% of the company's stock.
Polestar Automotive Holding UK Price Performance
NASDAQ PSNY traded down $0.01 during trading hours on Thursday, reaching $1.05. The company's stock had a trading volume of 1,610,066 shares, compared to its average volume of 7,127,643. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of -1.84 and a beta of 1.43. The company's 50-day moving average is $1.05 and its two-hundred day moving average is $1.07. Polestar Automotive Holding UK PLC has a 1-year low of $0.61 and a 1-year high of $1.94.
Polestar Automotive Holding UK Profile
(
Free Report)
Polestar Automotive Holding UK PLC manufactures and sells premium electric vehicles. The company was founded in 2017 and is headquartered in Gothenburg, Sweden.
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