Pony AI Inc. (NASDAQ:PONY - Get Free Report)'s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $21.35, but opened at $19.34. Pony AI shares last traded at $19.04, with a volume of 5,156,802 shares trading hands.
Pony AI Stock Down 13.1%
The firm's 50-day moving average price is $10.81.
Pony AI (NASDAQ:PONY - Get Free Report) last posted its quarterly earnings data on Tuesday, May 20th. The company reported ($0.12) earnings per share (EPS) for the quarter. The company had revenue of $13.98 million during the quarter. As a group, research analysts forecast that Pony AI Inc. will post -0.38 EPS for the current year.
Institutional Investors Weigh In On Pony AI
Several institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. acquired a new stake in Pony AI in the 1st quarter worth about $139,000. Lansforsakringar Fondforvaltning AB publ purchased a new position in Pony AI in the 1st quarter worth approximately $345,000. HITE Hedge Asset Management LLC lifted its stake in Pony AI by 45.1% in the 1st quarter. HITE Hedge Asset Management LLC now owns 98,588 shares of the company's stock worth $870,000 after purchasing an additional 30,654 shares in the last quarter. Wellington Management Group LLP lifted its stake in Pony AI by 47.8% in the 1st quarter. Wellington Management Group LLP now owns 1,991,811 shares of the company's stock worth $17,568,000 after purchasing an additional 644,518 shares in the last quarter. Finally, Cresset Asset Management LLC purchased a new position in Pony AI in the 1st quarter worth approximately $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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