Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Get Free Report) fell 4.8% during trading on Monday . The stock traded as low as $1.28 and last traded at $1.29. 1,616,898 shares traded hands during trading, a decline of 50% from the average session volume of 3,255,711 shares. The stock had previously closed at $1.35.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on PSNY shares. Piper Sandler reiterated a "neutral" rating and set a $2.00 target price (down previously from $3.00) on shares of Polestar Automotive Holding UK in a research report on Friday, March 15th. Cantor Fitzgerald reissued an "overweight" rating and set a $5.00 price objective on shares of Polestar Automotive Holding UK in a report on Friday, April 12th. Finally, Sanford C. Bernstein started coverage on Polestar Automotive Holding UK in a research report on Wednesday, January 24th. They set an "underperform" rating and a $1.15 price target on the stock. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $3.83.
Read Our Latest Analysis on PSNY
Polestar Automotive Holding UK Trading Down 0.7 %
The stock has a 50-day moving average price of $1.59 and a 200-day moving average price of $1.98.
Hedge Funds Weigh In On Polestar Automotive Holding UK
Institutional investors have recently made changes to their positions in the stock. Invesco Ltd. boosted its stake in Polestar Automotive Holding UK by 10.7% in the third quarter. Invesco Ltd. now owns 2,833,547 shares of the company's stock worth $7,481,000 after buying an additional 273,479 shares in the last quarter. Rafferty Asset Management LLC boosted its stake in shares of Polestar Automotive Holding UK by 18.7% in the 3rd quarter. Rafferty Asset Management LLC now owns 62,999 shares of the company's stock valued at $166,000 after purchasing an additional 9,942 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Polestar Automotive Holding UK by 24.5% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 574,550 shares of the company's stock valued at $1,517,000 after purchasing an additional 112,900 shares during the last quarter. Schechter Investment Advisors LLC purchased a new position in Polestar Automotive Holding UK in the 4th quarter worth $35,000. Finally, Avantax Advisory Services Inc. bought a new stake in Polestar Automotive Holding UK in the third quarter worth $34,000. Institutional investors own 1.02% of the company's stock.
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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