Pony AI Inc. (NASDAQ:PONY - Get Free Report) shares saw an uptick in trading volume on Friday . 8,097,302 shares traded hands during trading, an increase of 120% from the previous session's volume of 3,686,577 shares.The stock last traded at $9.97 and had previously closed at $8.56.
Wall Street Analysts Forecast Growth
Separately, Deutsche Bank Aktiengesellschaft began coverage on Pony AI in a research note on Tuesday, January 14th. They issued a "buy" rating and a $20.00 price objective on the stock.
Read Our Latest Analysis on PONY
Pony AI Stock Performance
The firm has a 50-day moving average of $9.63.
Institutional Trading of Pony AI
Several large investors have recently made changes to their positions in PONY. Pinpoint Asset Management Ltd bought a new position in Pony AI in the fourth quarter worth approximately $108,000. Barclays PLC acquired a new stake in Pony AI in the 4th quarter valued at $212,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Pony AI during the 4th quarter valued at $281,000. Allspring Global Investments Holdings LLC bought a new position in shares of Pony AI in the first quarter valued at $293,000. Finally, Renaissance Capital LLC bought a new position in shares of Pony AI in the first quarter valued at $352,000.
Pony AI Company Profile
(
Get Free Report)
Pony AI Inc, through its subsidiaries, engages in the autonomous mobility principally in the People's Republic of China and the United States. The company provides robotruck services, such as transportation services to the logistics platforms. Pony AI Inc is based in Guangzhou, the People's Republic of China.
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