Latest News and Analysis on Polestar Automotive Holding UK PLC (NASDAQ:PSNY) Trading Volume

Are you interested in the latest news and updates on Polestar Automotive Holding UK PLC (NASDAQ: PSNY)? Well, you’re in luck because we have all the information you need right here in this blog post.

First off, let’s talk about the recent trading activity of PSNY shares. On Tuesday, there was a significant increase in trading volume, with approximately 1,685,260 shares being traded. This was a decline from the previous session, but still noteworthy. The stock last traded at $0.86, slightly lower than the previous closing price of $0.89.

Now, let’s dive into what Wall Street analysts have to say about PSNY. Several research reports have been released, with varying opinions on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating with a target price of $5.00, while Citigroup and Barclays both lowered their price targets. Overall, the consensus rating for PSNY is “Hold” with an average target price of $3.31.

In terms of institutional trading, several investors have made changes to their holdings of Polestar Automotive Holding UK. AMF Tjanstepension AB, Tobam, Mitsubishi UFJ Asset Management Co. Ltd., Green Alpha Advisors LLC, and Tidal Investments LLC have all increased their stakes in the company. Institutional investors and hedge funds now own 1.02% of the company’s stock.

Polestar Automotive Holding UK PLC is a manufacturer of premium electric vehicles, founded in 2017 and headquartered in Gothenburg, Sweden. With a focus on sustainability and innovation, the company is making waves in the automotive industry.

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