Polestar Automotive Holding UK (NASDAQ:PSNY) Shares Gap Up to $1.54

Polestar Automotive Holding UK PLC (NASDAQ:PSNYGet Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $1.54, but opened at $1.59. Polestar Automotive Holding UK shares last traded at $1.53, with a volume of 340,111 shares trading hands.

Analyst Ratings Changes

A number of research firms recently commented on PSNY. Piper Sandler reissued a “neutral” rating and issued a $2.00 target price (down previously from $3.00) on shares of Polestar Automotive Holding UK in a research note on Friday, March 15th. Cantor Fitzgerald reissued an “overweight” rating and issued a $5.00 target price on shares of Polestar Automotive Holding UK in a research note on Friday, January 12th. Finally, Sanford C. Bernstein began coverage on Polestar Automotive Holding UK in a research note on Wednesday, January 24th. They issued an “underperform” rating and a $1.15 target price on the stock. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $4.36.

Get Our Latest Report on PSNY

Polestar Automotive Holding UK Stock Performance

The stock has a 50 day moving average price of $1.73 and a 200-day moving average price of $2.08.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. UBS Group AG bought a new position in shares of Polestar Automotive Holding UK during the second quarter valued at about $46,000. Citigroup Inc. bought a new position in shares of Polestar Automotive Holding UK during the first quarter valued at about $59,000. BlackRock Inc. purchased a new stake in shares of Polestar Automotive Holding UK during the third quarter worth about $36,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Polestar Automotive Holding UK during the second quarter worth about $75,000. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of Polestar Automotive Holding UK during the third quarter worth about $25,000. 1.02% of the stock is owned by institutional investors.

About Polestar Automotive Holding UK

(Get Free Report)

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

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