Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Get Free Report)'s stock price traded up 4.9% during mid-day trading on Tuesday . The company traded as high as $1.30 and last traded at $1.29. 1,314,604 shares were traded during trading, a decline of 60% from the average session volume of 3,299,375 shares. The stock had previously closed at $1.23.
Wall Street Analyst Weigh In
PSNY has been the topic of a number of recent analyst reports. Sanford C. Bernstein assumed coverage on shares of Polestar Automotive Holding UK in a research report on Wednesday, January 24th. They issued an "underperform" rating and a $1.15 target price on the stock. Cantor Fitzgerald reiterated an "overweight" rating and issued a $5.00 target price on shares of Polestar Automotive Holding UK in a report on Friday, April 12th. Finally, Piper Sandler restated a "neutral" rating and set a $2.00 price target (down from $3.00) on shares of Polestar Automotive Holding UK in a research note on Friday, March 15th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Polestar Automotive Holding UK currently has an average rating of "Hold" and a consensus target price of $3.83.
View Our Latest Stock Analysis on Polestar Automotive Holding UK
Polestar Automotive Holding UK Trading Up 13.0 %
The stock's fifty day simple moving average is $1.54 and its 200-day simple moving average is $1.92.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale purchased a new stake in Polestar Automotive Holding UK during the 3rd quarter worth about $25,000. Principal Street Partners LLC purchased a new stake in shares of Polestar Automotive Holding UK during the fourth quarter worth approximately $28,000. Avantax Advisory Services Inc. acquired a new stake in Polestar Automotive Holding UK in the third quarter valued at approximately $34,000. Schechter Investment Advisors LLC purchased a new position in Polestar Automotive Holding UK in the fourth quarter worth approximately $35,000. Finally, TD Asset Management Inc purchased a new position in Polestar Automotive Holding UK in the third quarter worth approximately $45,000. 1.02% of the stock is currently owned by hedge funds and other institutional investors.
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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