Shares of Pony AI Inc. (NASDAQ:PONY - Get Free Report) shot up 2.2% during trading on Friday . The stock traded as high as $17.58 and last traded at $17.53. 1,639,565 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 6,370,522 shares. The stock had previously closed at $17.15.
Pony AI Trading Up 12.7%
The stock's 50-day simple moving average is $11.15.
Pony AI (NASDAQ:PONY - Get Free Report) last released its quarterly earnings results on Tuesday, May 20th. The company reported ($0.12) EPS for the quarter. The company had revenue of $13.98 million for the quarter. As a group, analysts expect that Pony AI Inc. will post -0.38 earnings per share for the current year.
Institutional Trading of Pony AI
Institutional investors and hedge funds have recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. purchased a new position in Pony AI during the 4th quarter worth $281,000. Barclays PLC purchased a new position in Pony AI during the 4th quarter worth $212,000. Soros Fund Management LLC purchased a new position in Pony AI during the 4th quarter worth $12,718,000. Aspex Management HK Ltd purchased a new position in Pony AI during the 4th quarter worth $34,091,000. Finally, Robeco Schweiz AG purchased a new position in Pony AI during the 4th quarter worth $8,811,000.
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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