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ZEEKR Intelligent Technology (NYSE:ZK) Shares Down 5.4% - Here's What Happened

ZEEKR Intelligent Technology logo with Auto/Tires/Trucks background

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK - Get Free Report)'s share price fell 5.4% during mid-day trading on Tuesday . The company traded as low as $19.80 and last traded at $20.22. 96,124 shares traded hands during trading, a decline of 88% from the average session volume of 835,316 shares. The stock had previously closed at $21.38.

ZEEKR Intelligent Technology Price Performance

The company's 50-day simple moving average is $24.87 and its 200 day simple moving average is $25.46. The firm has a market cap of $4.82 billion and a P/E ratio of -4.84.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new position in shares of ZEEKR Intelligent Technology in the 1st quarter worth approximately $687,000. BNP Paribas Financial Markets purchased a new position in ZEEKR Intelligent Technology during the fourth quarter worth $1,822,000. Tudor Investment Corp ET AL bought a new position in ZEEKR Intelligent Technology during the fourth quarter valued at $255,000. Hsbc Holdings PLC purchased a new stake in shares of ZEEKR Intelligent Technology in the fourth quarter valued at $318,000. Finally, XTX Topco Ltd bought a new stake in shares of ZEEKR Intelligent Technology in the 4th quarter worth about $1,034,000.

About ZEEKR Intelligent Technology

(Get Free Report)

ZEEKR Intelligent Technology Holding Limited, an investment holding company, engages in the research and development, production, commercialization, and sale of the electric vehicles and batteries. It offers battery electric passenger vehicles (BEVs) and SUVs. The company also produces and sells electric powertrain and battery packs for electric vehicles, such as motors and electric control systems; and provides automotive related research and development services.

Further Reading

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