Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Get Free Report) was the target of unusually large options trading activity on Friday. Investors purchased 6,094 put options on the company. This represents an increase of approximately 46% compared to the average daily volume of 4,181 put options.
Analyst Ratings Changes
A number of research analysts recently issued reports on PSNY shares. Piper Sandler reaffirmed a "neutral" rating and issued a $2.00 price target (down from $3.00) on shares of Polestar Automotive Holding UK in a report on Friday, March 15th. Sanford C. Bernstein began coverage on Polestar Automotive Holding UK in a research report on Wednesday, January 24th. They issued an "underperform" rating and a $1.15 price target on the stock. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $5.00 target price on shares of Polestar Automotive Holding UK in a research note on Friday, April 12th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $3.83.
View Our Latest Analysis on Polestar Automotive Holding UK
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Green Alpha Advisors LLC increased its holdings in Polestar Automotive Holding UK by 2.4% in the first quarter. Green Alpha Advisors LLC now owns 279,118 shares of the company's stock valued at $430,000 after purchasing an additional 6,528 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Polestar Automotive Holding UK by 252.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 78,256 shares of the company's stock worth $177,000 after acquiring an additional 56,044 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Polestar Automotive Holding UK by 48.1% in the fourth quarter. Legal & General Group Plc now owns 295,507 shares of the company's stock valued at $669,000 after purchasing an additional 95,939 shares in the last quarter. Cantor Fitzgerald L. P. bought a new position in Polestar Automotive Holding UK during the 4th quarter valued at $226,000. Finally, Pathstone Holdings LLC bought a new position in shares of Polestar Automotive Holding UK during the fourth quarter valued at about $439,000. Institutional investors own 1.02% of the company's stock.
Polestar Automotive Holding UK Trading Up 1.5 %
NASDAQ:PSNY traded up $0.02 during trading hours on Friday, reaching $1.35. 6,030,465 shares of the company were exchanged, compared to its average volume of 3,279,903. The business has a 50 day moving average of $1.60 and a 200 day moving average of $2.00. Polestar Automotive Holding UK has a 1-year low of $1.24 and a 1-year high of $4.96.
About Polestar Automotive Holding UK
(
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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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