Shares of Pony AI Inc. - Sponsored ADR (NASDAQ:PONY - Get Free Report) fell 8.2% during mid-day trading on Thursday . The stock traded as low as $11.77 and last traded at $11.95. 3,460,924 shares were traded during mid-day trading, a decline of 54% from the average session volume of 7,517,714 shares. The stock had previously closed at $13.02.
Pony AI Stock Performance
The firm has a 50-day moving average price of $13.35 and a 200-day moving average price of $13.10.
Pony AI (NASDAQ:PONY - Get Free Report) last released its quarterly earnings data on Tuesday, May 20th. The company reported ($0.12) earnings per share for the quarter. The company had revenue of $13.98 million for the quarter. As a group, sell-side analysts predict that Pony AI Inc. - Sponsored ADR will post -0.38 earnings per share for the current year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in PONY. Goldman Sachs Group Inc. bought a new stake in shares of Pony AI in the first quarter worth approximately $139,000. Lansforsakringar Fondforvaltning AB publ purchased a new stake in shares of Pony AI during the first quarter worth about $345,000. HITE Hedge Asset Management LLC raised its position in shares of Pony AI by 45.1% during the first quarter. HITE Hedge Asset Management LLC now owns 98,588 shares of the company's stock valued at $870,000 after buying an additional 30,654 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Pony AI by 47.8% in the first quarter. Wellington Management Group LLP now owns 1,991,811 shares of the company's stock worth $17,568,000 after buying an additional 644,518 shares in the last quarter. Finally, Cresset Asset Management LLC bought a new stake in shares of Pony AI in the 1st quarter worth about $441,000.
About Pony AI
(
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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