Pony AI Inc. (NASDAQ:PONY - Get Free Report) rose 13.2% during trading on Friday . The stock traded as high as $9.80 and last traded at $8.57. Approximately 18,900,255 shares traded hands during mid-day trading, an increase of 759% from the average daily volume of 2,199,262 shares. The stock had previously closed at $7.57.
Wall Street Analyst Weigh In
Separately, Deutsche Bank Aktiengesellschaft began coverage on shares of Pony AI in a research report on Tuesday, January 14th. They issued a "buy" rating and a $20.00 price objective for the company.
Check Out Our Latest Stock Analysis on PONY
Pony AI Price Performance
The firm's 50-day simple moving average is $10.49.
Hedge Funds Weigh In On Pony AI
A number of large investors have recently made changes to their positions in PONY. Neumann Advisory Hong Kong Ltd acquired a new stake in shares of Pony AI in the fourth quarter worth about $14,808,000. Matthews International Capital Management LLC bought a new stake in shares of Pony AI in the fourth quarter valued at about $1,654,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Pony AI during the fourth quarter valued at approximately $281,000. Lingotto Investment Management LLP bought a new position in Pony AI during the fourth quarter worth about $17,220,000. Finally, Robeco Schweiz AG acquired a new position in shares of Pony AI in the 4th quarter worth approximately $8,811,000.
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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