Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Get Free Report)'s stock price rose 5.9% during trading on Friday . The company traded as high as $1.19 and last traded at $1.17. Approximately 2,379,234 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 6,595,397 shares. The stock had previously closed at $1.10.
Polestar Automotive Holding UK Stock Performance
The company's 50 day simple moving average is $1.08 and its two-hundred day simple moving average is $1.07.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of PSNY. Goldman Sachs Group Inc. raised its position in Polestar Automotive Holding UK by 12.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 528,893 shares of the company's stock valued at $555,000 after purchasing an additional 57,717 shares during the last quarter. Focus Partners Wealth bought a new stake in shares of Polestar Automotive Holding UK during the first quarter worth $62,000. SCS Capital Management LLC acquired a new stake in shares of Polestar Automotive Holding UK in the first quarter valued at $43,000. Advisors Asset Management Inc. raised its holdings in shares of Polestar Automotive Holding UK by 61.2% in the first quarter. Advisors Asset Management Inc. now owns 449,227 shares of the company's stock valued at $472,000 after buying an additional 170,563 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Polestar Automotive Holding UK by 1,096.8% in the first quarter. Invesco Ltd. now owns 146,238 shares of the company's stock valued at $154,000 after buying an additional 134,019 shares during the last quarter. 1.02% of the stock is owned by institutional investors and hedge funds.
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.
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