Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Get Free Report) was the recipient of some unusual options trading activity on Wednesday. Investors acquired 13,375 call options on the company. Thisisanincreaseof1,587% compared to the typical daily volume of 793 call options.
Institutional Investors Weigh In On Polestar Automotive Holding UK
A number of large investors have recently made changes to their positions in the stock. Geode Capital Management LLC grew its holdings in shares of Polestar Automotive Holding UK by 48.0% during the fourth quarter. Geode Capital Management LLC now owns 1,265,400 shares of the company's stock valued at $1,329,000 after buying an additional 410,401 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of Polestar Automotive Holding UK by 22.5% during the first quarter. Deutsche Bank AG now owns 794,873 shares of the company's stock valued at $835,000 after buying an additional 146,107 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Polestar Automotive Holding UK during the fourth quarter valued at $610,000. Goldman Sachs Group Inc. grew its holdings in shares of Polestar Automotive Holding UK by 12.2% during the first quarter. Goldman Sachs Group Inc. now owns 528,893 shares of the company's stock valued at $555,000 after buying an additional 57,717 shares during the last quarter. Finally, Northern Trust Corp purchased a new stake in shares of Polestar Automotive Holding UK during the fourth quarter valued at $548,000. 1.02% of the stock is owned by hedge funds and other institutional investors.
Polestar Automotive Holding UK Stock Up 6.2%
Shares of PSNY traded up $0.08 during trading hours on Monday, reaching $1.37. 6,000,311 shares of the company traded hands, compared to its average volume of 4,303,881. The stock has a market capitalization of $2.93 billion, a P/E ratio of -2.40 and a beta of 1.43. Polestar Automotive Holding UK has a 12-month low of $0.84 and a 12-month high of $1.94. The business has a fifty day moving average price of $1.10 and a 200-day moving average price of $1.08.
About Polestar Automotive Holding UK
(
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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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