Polestar Automotive Holding UK (NASDAQ:PSNY) Shares Gap Down to $1.39

Polestar Automotive Holding UK PLC (NASDAQ:PSNYGet Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $1.39, but opened at $1.28. Polestar Automotive Holding UK shares last traded at $1.28, with a volume of 657,739 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PSNY. Cantor Fitzgerald reissued an “overweight” rating and set a $5.00 price target on shares of Polestar Automotive Holding UK in a research report on Friday, April 12th. Sanford C. Bernstein began coverage on Polestar Automotive Holding UK in a research report on Wednesday, January 24th. They set an “underperform” rating and a $1.15 price target on the stock. Finally, Piper Sandler reissued a “neutral” rating and set a $2.00 price target (down previously from $3.00) on shares of Polestar Automotive Holding UK in a research report on Friday, March 15th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $3.83.

Check Out Our Latest Report on PSNY

Polestar Automotive Holding UK Price Performance

The firm has a 50-day moving average price of $1.53 and a 200 day moving average price of $1.91.

Institutional Investors Weigh In On Polestar Automotive Holding UK

A number of large investors have recently added to or reduced their stakes in the stock. Green Alpha Advisors LLC grew its position in Polestar Automotive Holding UK by 2.4% during the first quarter. Green Alpha Advisors LLC now owns 279,118 shares of the company’s stock worth $430,000 after buying an additional 6,528 shares in the last quarter. Cantor Fitzgerald L. P. acquired a new stake in shares of Polestar Automotive Holding UK during the 4th quarter valued at $226,000. Bard Financial Services Inc. lifted its holdings in shares of Polestar Automotive Holding UK by 57.1% during the fourth quarter. Bard Financial Services Inc. now owns 27,500 shares of the company’s stock worth $62,000 after purchasing an additional 10,000 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Polestar Automotive Holding UK by 136.4% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 24,344 shares of the company’s stock worth $55,000 after purchasing an additional 14,048 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Polestar Automotive Holding UK by 67.6% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 288,172 shares of the company’s stock worth $608,000 after purchasing an additional 116,207 shares during the period. Institutional investors and hedge funds own 1.02% of the company’s stock.

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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