Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Get Free Report) shares shot up 5.9% during mid-day trading on Friday . The company traded as high as $1.19 and last traded at $1.17. 2,379,234 shares changed hands during mid-day trading, a decline of 64% from the average session volume of 6,595,397 shares. The stock had previously closed at $1.10.
Polestar Automotive Holding UK Price Performance
The firm has a market cap of $2.44 billion, a P/E ratio of -2.01 and a beta of 1.43. The firm's 50 day moving average is $1.08 and its 200 day moving average is $1.07.
Institutional Trading of Polestar Automotive Holding UK
Large investors have recently made changes to their positions in the stock. Raymond James Financial Inc. purchased a new position in shares of Polestar Automotive Holding UK in the fourth quarter worth approximately $33,000. Bank of New York Mellon Corp bought a new stake in Polestar Automotive Holding UK during the fourth quarter valued at about $37,000. Alliancebernstein L.P. bought a new position in shares of Polestar Automotive Holding UK in the fourth quarter worth about $42,000. SCS Capital Management LLC purchased a new position in shares of Polestar Automotive Holding UK during the 1st quarter valued at about $43,000. Finally, Focus Partners Wealth purchased a new stake in Polestar Automotive Holding UK in the 1st quarter worth approximately $62,000. 1.02% of the stock is currently owned by institutional investors.
Polestar Automotive Holding UK Company Profile
(
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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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