Bank of America Corp DE lessened its holdings in Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Free Report) by 13.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,014,891 shares of the company's stock after selling 318,070 shares during the period. Bank of America Corp DE owned about 0.09% of Polestar Automotive Holding UK worth $2,116,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in PSNY. Performa Ltd US LLC boosted its stake 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 worth $87,000 after acquiring an additional 15,752 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Polestar Automotive Holding UK during the fourth quarter valued at about $33,000. Bank of New York Mellon Corp bought a new stake in Polestar Automotive Holding UK during the fourth quarter valued at about $37,000. Alliancebernstein L.P. purchased a new stake in Polestar Automotive Holding UK in the fourth quarter worth about $42,000. Finally, Tobam purchased a new stake in Polestar Automotive Holding UK in the fourth quarter worth about $65,000. Hedge funds and other institutional investors own 1.02% of the company's stock.
Polestar Automotive Holding UK Price Performance
Shares of NASDAQ:PSNY traded down $0.03 during mid-day trading on Thursday, reaching $1.01. 3,672,002 shares of the company traded hands, compared to its average volume of 7,143,572. The company's 50 day moving average price is $1.05 and its 200-day moving average price is $1.08. The firm has a market cap of $2.15 billion, a PE ratio of -1.76 and a beta of 1.43. Polestar Automotive Holding UK PLC has a 52 week low of $0.61 and a 52 week high of $1.94.
About Polestar Automotive Holding UK
(
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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