Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Get Free Report)'s stock price was up 3.7% during trading on Monday . The company traded as high as $1.13 and last traded at $1.12. Approximately 2,060,927 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 5,855,598 shares. The stock had previously closed at $1.08.
Polestar Automotive Holding UK Trading Up 1.4%
The company has a market cap of $2.34 billion, a P/E ratio of -1.92 and a beta of 1.41. The business's fifty day moving average is $1.09 and its 200 day moving average is $1.08.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC increased its holdings in shares of Polestar Automotive Holding UK by 48.0% in the fourth quarter. Geode Capital Management LLC now owns 1,265,400 shares of the company's stock worth $1,329,000 after purchasing an additional 410,401 shares during the period. Raymond James Financial Inc. bought a new position in shares of Polestar Automotive Holding UK in the fourth quarter worth $33,000. Nuveen Asset Management LLC bought a new position in shares of Polestar Automotive Holding UK in the fourth quarter worth $347,000. KLP Kapitalforvaltning AS bought a new position in shares of Polestar Automotive Holding UK in the fourth quarter worth $320,000. Finally, Renaissance Technologies LLC purchased a new position in Polestar Automotive Holding UK in the fourth quarter worth $312,000. 1.02% of the stock is currently owned by hedge funds and other institutional investors.
About Polestar Automotive Holding UK
(
Get 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.
See Also
Before you consider Polestar Automotive Holding UK, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Polestar Automotive Holding UK wasn't on the list.
While Polestar Automotive Holding UK currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
