Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Get Free Report)'s stock price traded down 5.1% during trading on Thursday after Citigroup lowered their price target on the stock from $2.50 to $1.70. Citigroup currently has a neutral rating on the stock. Polestar Automotive Holding UK traded as low as $1.28 and last traded at $1.30. 1,208,882 shares traded hands during trading, a decline of 63% from the average session volume of 3,241,596 shares. The stock had previously closed at $1.37.
A number of other equities research analysts have also issued reports on PSNY. Sanford C. Bernstein began coverage on Polestar Automotive Holding UK in a research report on Wednesday, January 24th. They set an "underperform" rating and a $1.15 target price on the stock. Piper Sandler restated a "neutral" rating and set a $2.00 price objective (down previously from $3.00) on shares of Polestar Automotive Holding UK in a report on Friday, March 15th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $3.48.
View Our Latest Stock Analysis on Polestar Automotive Holding UK
Institutional Trading of Polestar Automotive Holding UK
A number of hedge funds have recently made changes to their positions in the stock. Harel Insurance Investments & Financial Services Ltd. grew its position in Polestar Automotive Holding UK by 32.2% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 20,991 shares of the company's stock valued at $47,000 after purchasing an additional 5,115 shares in the last quarter. Green Alpha Advisors LLC increased its stake in shares of 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 worth $430,000 after acquiring an additional 6,528 shares during the last quarter. Raymond James & Associates raised its holdings in shares of Polestar Automotive Holding UK by 36.5% during the fourth quarter. Raymond James & Associates now owns 29,532 shares of the company's stock worth $67,000 after acquiring an additional 7,900 shares in the last quarter. Rafferty Asset Management LLC raised its stake in shares of Polestar Automotive Holding UK by 18.7% during the 3rd quarter. Rafferty Asset Management LLC now owns 62,999 shares of the company's stock worth $166,000 after purchasing an additional 9,942 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new stake in Polestar Automotive Holding UK in the third quarter valued at approximately $25,000. 1.02% of the stock is owned by hedge funds and other institutional investors.
Polestar Automotive Holding UK Stock Down 6.6 %
The firm's 50 day moving average is $1.46 and its 200-day moving average is $1.83.
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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