Polestar Automotive Holding UK (NASDAQ:PSNY) Shares Gap Up to $0.97

Polestar Automotive Holding UK PLC (NASDAQ:PSNYGet Free Report)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $0.97, but opened at $1.00. Polestar Automotive Holding UK shares last traded at $1.02, with a volume of 2,056,515 shares traded.

Analyst Upgrades and Downgrades

PSNY has been the subject of a number of research analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $5.00 price target on shares of Polestar Automotive Holding UK in a research note on Monday, July 1st. Piper Sandler reissued a “neutral” rating and set a $2.00 target price (down from $3.00) on shares of Polestar Automotive Holding UK in a research note on Friday, March 15th. Citigroup cut their target price on shares of Polestar Automotive Holding UK from $2.50 to $1.70 and set a “neutral” rating for the company in a research note on Thursday, May 16th. Finally, Barclays cut their target price on shares of Polestar Automotive Holding UK from $2.00 to $1.00 and set an “underweight” rating for the company in a research note on Wednesday, July 3rd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $3.31.

View Our Latest Analysis on PSNY

Polestar Automotive Holding UK Trading Up 5.9 %

The stock’s fifty day moving average price is $0.94 and its 200-day moving average price is $1.46.

Institutional Investors Weigh In On Polestar Automotive Holding UK

A number of large investors have recently made changes to their positions in the company. AMF Tjanstepension AB raised its holdings in shares of Polestar Automotive Holding UK by 399.3% during the second quarter. AMF Tjanstepension AB now owns 21,971,866 shares of the company’s stock valued at $17,283,000 after acquiring an additional 17,571,426 shares during the period. Tobam increased its stake in Polestar Automotive Holding UK by 24.0% in the 4th quarter. Tobam now owns 1,136,540 shares of the company’s stock valued at $2,569,000 after buying an additional 220,147 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Polestar Automotive Holding UK by 67.6% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 288,172 shares of the company’s stock valued at $608,000 after buying an additional 116,207 shares during the period. Green Alpha Advisors LLC increased its stake in Polestar Automotive Holding UK by 2.4% in the 1st quarter. Green Alpha Advisors LLC now owns 279,118 shares of the company’s stock valued at $430,000 after buying an additional 6,528 shares during the period. Finally, Tidal Investments LLC increased its stake in Polestar Automotive Holding UK by 118.4% in the 1st quarter. Tidal Investments LLC now owns 241,946 shares of the company’s stock valued at $373,000 after buying an additional 131,167 shares during the period. Institutional investors and hedge funds own 1.02% of the company’s stock.

Polestar Automotive Holding UK Company Profile

(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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