Pony AI Inc. (NASDAQ:PONY - Get Free Report) was the target of unusually large options trading on Tuesday. Traders purchased 9,479 call options on the stock. This represents an increase of approximately 371% compared to the typical daily volume of 2,011 call options.
Pony AI Stock Up 9.6 %
PONY stock traded up $1.63 during midday trading on Friday, hitting $18.59. The stock had a trading volume of 9,502,388 shares, compared to its average volume of 5,236,419. The company's fifty day moving average price is $9.66. Pony AI has a 1-year low of $4.11 and a 1-year high of $23.88.
Hedge Funds Weigh In On Pony AI
Institutional investors have recently added to or reduced their stakes in the business. Toyota Motor Corp bought a new stake in shares of Pony AI during the 4th quarter valued at $647,421,000. Ontario Teachers Pension Plan Board acquired a new stake in shares of Pony AI in the 4th quarter worth $310,559,000. IDG China Venture Capital Fund IV Associates L.P. purchased a new stake in shares of Pony AI during the fourth quarter valued at $144,973,000. IDG China Capital Fund III Associates L.P. acquired a new stake in Pony AI in the 4th quarter valued at $93,700,000. Finally, Aspex Management HK Ltd purchased a new stake in Pony AI in the 4th quarter valued at about $34,091,000.
Analyst Upgrades and Downgrades
Separately, Deutsche Bank Aktiengesellschaft began coverage on shares of Pony AI in a research note on Tuesday, January 14th. They set a "buy" rating and a $20.00 price objective on the stock.
Check Out Our Latest Stock Analysis on Pony AI
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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