Polestar Automotive Holding UK (NASDAQ:PSNY) Sets New 1-Year Low at $8.78

Polestar Automotive Holding UK PLC (NASDAQ:PSNYGet Rating)’s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as $8.78 and last traded at $8.93, with a volume of 1383000 shares. The stock had previously closed at $8.90.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft started coverage on Polestar Automotive Holding UK in a research report on Monday. They issued a “hold” rating and a $10.00 price objective on the stock.

Polestar Automotive Holding UK Stock Performance

The firm’s 50 day moving average price is $9.47 and its 200-day moving average price is $10.39.

Institutional Trading of Polestar Automotive Holding UK

Several institutional investors have recently bought and sold shares of PSNY. AMF Tjanstepension AB acquired a new position in shares of Polestar Automotive Holding UK during the 2nd quarter worth approximately $38,768,000. Commonwealth Equity Services LLC purchased a new position in Polestar Automotive Holding UK during the second quarter valued at $92,000. Alyeska Investment Group L.P. grew its position in shares of Polestar Automotive Holding UK by 744.0% in the first quarter. Alyeska Investment Group L.P. now owns 2,451,571 shares of the company’s stock valued at $27,874,000 after purchasing an additional 2,161,109 shares during the period. SkyView Investment Advisors LLC purchased a new stake in shares of Polestar Automotive Holding UK during the first quarter worth about $283,000. Finally, TIG Advisors LLC raised its position in shares of Polestar Automotive Holding UK by 179.5% during the 1st quarter. TIG Advisors LLC now owns 45,206 shares of the company’s stock worth $514,000 after purchasing an additional 29,032 shares during the last quarter. 29.16% of the stock is owned by institutional investors and hedge funds.

Polestar Automotive Holding UK Company Profile

(Get Rating)

Polestar Automotive Holding UK PLC manufactures and sells premium electric vehicles. The company was founded in 2017 and is headquartered in Gothenburg, Sweden.

Recommended Stories

Want More Great Investing Ideas?

Receive News & Ratings for Polestar Automotive Holding UK Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Polestar Automotive Holding UK and related companies with MarketBeat.com's FREE daily email newsletter.