Polestar Automotive Holding UK PLC (
NASDAQ:PSNY -
Get Free Report) was the target of unusually large options trading activity on Wednesday. Investors purchased 13,375 call options on the company. Thisrepresentsanincreaseof1,587% compared to the typical daily volume of 793 call options.
Polestar Automotive Holding UK Price Performance
Shares of PSNY traded up $0.16 during mid-day trading on Wednesday, reaching $1.27. 14,634,797 shares of the company's stock were exchanged, compared to its average volume of 4,040,721. The stock has a market capitalization of $2.70 billion, a PE ratio of -2.25 and a beta of 1.41. The business's fifty day simple moving average is $1.08 and its 200-day simple moving average is $1.08. Polestar Automotive Holding UK has a 52-week low of $0.84 and a 52-week high of $1.94.
Hedge Funds Weigh In On Polestar Automotive Holding UK
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. grew its position in Polestar Automotive Holding UK by 45.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 47,970 shares of the company's stock valued at $51,000 after buying an additional 14,877 shares during the last quarter. Cresset Asset Management LLC grew its position in Polestar Automotive Holding UK by 26.7% in the 2nd quarter. Cresset Asset Management LLC now owns 83,504 shares of the company's stock valued at $89,000 after buying an additional 17,590 shares during the last quarter. Captrust Financial Advisors grew its position in Polestar Automotive Holding UK by 43.2% in the 2nd quarter. Captrust Financial Advisors now owns 58,700 shares of the company's stock valued at $63,000 after buying an additional 17,700 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Polestar Automotive Holding UK in the 4th quarter valued at $33,000. Finally, SCS Capital Management LLC acquired a new stake in Polestar Automotive Holding UK in the first quarter valued at $43,000. 1.02% of the stock is currently owned by hedge funds and other institutional investors.
Polestar Automotive Holding UK Company Profile
(
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access