Pony AI Inc. (NASDAQ:PONY - Get Free Report) shares rose 9.6% during trading on Monday . The company traded as high as $11.46 and last traded at $11.40. Approximately 5,550,522 shares traded hands during mid-day trading, an increase of 39% from the average daily volume of 3,995,300 shares. The stock had previously closed at $10.40.
Analyst Upgrades and Downgrades
Separately, Deutsche Bank Aktiengesellschaft began coverage on shares of Pony AI in a report on Tuesday, January 14th. They issued a "buy" rating and a $20.00 target price on the stock.
View Our Latest Stock Report on PONY
Pony AI Price Performance
The company has a fifty day moving average of $9.66.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the company. Pinpoint Asset Management Ltd bought a new position in shares of Pony AI in the fourth quarter worth $108,000. Barclays PLC acquired a new position in shares of Pony AI during the fourth quarter worth $212,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Pony AI in the 4th quarter valued at $281,000. Allspring Global Investments Holdings LLC bought a new position in Pony AI in the first quarter valued at about $293,000. Finally, Renaissance Capital LLC acquired a new position in shares of Pony AI in the first quarter valued at approximately $352,000.
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.
Further Reading
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