Shares of Pony AI Inc. - Sponsored ADR (NASDAQ:PONY - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $13.26, but opened at $14.03. Pony AI shares last traded at $13.67, with a volume of 5,820,917 shares.
Pony AI Stock Down 6.3%
The company has a 50 day moving average of $13.74 and a two-hundred day moving average of $13.09.
Pony AI (NASDAQ:PONY - Get Free Report) last issued its quarterly earnings results on Tuesday, May 20th. The company reported ($0.12) earnings per share for the quarter. The company had revenue of $13.98 million during the quarter. As a group, analysts predict that Pony AI Inc. - Sponsored ADR will post -0.38 EPS for the current year.
Institutional Investors Weigh In On Pony AI
A number of institutional investors have recently modified their holdings of PONY. Toyota Motor Corp purchased a new stake in shares of Pony AI in the fourth quarter worth $647,421,000. Ontario Teachers Pension Plan Board purchased a new stake in shares of Pony AI in the fourth quarter worth $310,559,000. IDG China Venture Capital Fund IV Associates L.P. purchased a new stake in shares of Pony AI in the fourth quarter worth $144,973,000. IDG China Capital Fund III Associates L.P. purchased a new stake in shares of Pony AI in the fourth quarter worth $93,700,000. Finally, Aspex Management HK Ltd purchased a new stake in shares of Pony AI in the fourth quarter worth $34,091,000.
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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