Pony AI Inc. (NASDAQ:PONY - Get Free Report) shares rose 14.3% during mid-day trading on Monday . The stock traded as high as $21.29 and last traded at $20.49. Approximately 5,634,028 shares changed hands during trading, an increase of 5% from the average daily volume of 5,354,982 shares. The stock had previously closed at $17.93.
Pony AI Stock Down 1.6%
The company has a 50 day moving average price of $9.92.
Institutional Trading of Pony AI
Several hedge funds have recently added to or reduced their stakes in the business. Toyota Motor Corp bought a new stake in Pony AI during the 4th quarter valued at approximately $647,421,000. Ontario Teachers Pension Plan Board bought a new stake in shares of Pony AI in the 4th quarter worth approximately $310,559,000. IDG China Venture Capital Fund IV Associates L.P. bought a new stake in shares of Pony AI in the 4th quarter worth approximately $144,973,000. IDG China Capital Fund III Associates L.P. bought a new stake in shares of Pony AI in the 4th quarter worth approximately $93,700,000. Finally, Aspex Management HK Ltd acquired a new position in shares of Pony AI in the 4th quarter worth approximately $34,091,000.
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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