Polestar Automotive Holding UK (NASDAQ:PSNYW) Stock Price Down 4.5% – Here’s What Happened

Posted by ABMN Staff on Jul 23rd, 2026

Shares of Polestar Automotive Holding UK PLC (NASDAQ:PSNYW – Get Free Report) traded down 4.5% during trading on Wednesday . The company traded as low as $2.65 and last traded at $2.73. 73,631 shares changed hands during mid-day trading, an increase of 113% from the average session volume of 34,588 shares. The stock had previously closed at $2.86.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of Polestar Automotive Holding UK from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, May 27th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Read Our Latest Stock Analysis on Polestar Automotive Holding UK

Polestar Automotive Holding UK Stock Performance

The firm’s fifty day simple moving average is $2.76 and its 200 day simple moving average is $3.38.

Institutional Investors Weigh In On Polestar Automotive Holding UK

A hedge fund recently bought a new stake in Polestar Automotive Holding UK stock. Boothbay Fund Management LLC bought a new position in shares of Polestar Automotive Holding UK PLC (NASDAQ:PSNYW – Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 80,000 shares of the company’s stock, valued at approximately $510,000.

About Polestar Automotive Holding UK

(Get Free Report)

Polestar Automotive Holding UK plc is a special-purpose acquisition company (SPAC) incorporated in the United Kingdom with the primary objective of effecting a business combination, share exchange, asset acquisition or similar merger transaction with one or more businesses in the automotive sector. The company’s management team, supported by affiliates of The Gores Group and Guggenheim Partners, completed its initial public offering in mid-2021 and its units trade on the Nasdaq under the symbol PSNYW.

The SPAC was specifically formed to combine with Polestar Performance AB, the electric performance carmaker backed by Volvo Cars and Zhejiang Geely Holding Group.