UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 580,552 shares of the company's stock, valued at approximately $610,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in shares of Polestar Automotive Holding UK in the 4th quarter worth approximately $33,000. Bank of New York Mellon Corp acquired a new position in shares of Polestar Automotive Holding UK in the 4th quarter worth approximately $37,000. Alliancebernstein L.P. bought a new stake in Polestar Automotive Holding UK during the fourth quarter worth approximately $42,000. Performa Ltd US LLC lifted 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 last quarter. Finally, Barclays PLC acquired a new position in shares of Polestar Automotive Holding UK in the 4th quarter worth $94,000. Institutional investors own 1.02% of the company's stock.
Polestar Automotive Holding UK Stock Performance
PSNY traded down $0.01 during trading on Thursday, reaching $1.05. The company had a trading volume of 1,610,066 shares, compared to its average volume of 7,127,643. Polestar Automotive Holding UK PLC has a 12-month low of $0.61 and a 12-month high of $1.94. The company has a market cap of $2.24 billion, a price-to-earnings ratio of -1.84 and a beta of 1.43. The firm's 50-day simple moving average is $1.05 and its 200 day simple moving average is $1.07.
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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