Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Get Free Report) shares traded down 4.8% on Wednesday . The stock traded as low as $1.09 and last traded at $1.09. 1,875,263 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 6,309,860 shares. The stock had previously closed at $1.14.
Polestar Automotive Holding UK Trading Up 2.3%
The company has a fifty day moving average of $1.09 and a two-hundred day moving average of $1.08. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of -1.96 and a beta of 1.41.
Institutional Investors Weigh In On Polestar Automotive Holding UK
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. lifted its holdings 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 worth $555,000 after purchasing an additional 57,717 shares during the last quarter. Focus Partners Wealth bought a new stake in Polestar Automotive Holding UK during the 1st quarter valued at approximately $62,000. SCS Capital Management LLC bought a new stake in Polestar Automotive Holding UK during the 1st quarter valued at approximately $43,000. Advisors Asset Management Inc. boosted its stake in Polestar Automotive Holding UK by 61.2% during the 1st quarter. Advisors Asset Management Inc. now owns 449,227 shares of the company's stock valued at $472,000 after purchasing an additional 170,563 shares during the period. Finally, Invesco Ltd. boosted its stake in Polestar Automotive Holding UK by 1,096.8% during the 1st quarter. Invesco Ltd. now owns 146,238 shares of the company's stock valued at $154,000 after purchasing an additional 134,019 shares during the period. 1.02% of the stock is currently owned by institutional investors and hedge funds.
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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