Shares of Polestar Automotive Holding UK PLC (NASDAQ:PSNYW – Get Rating) rose 2.9% during mid-day trading on Tuesday . The stock traded as high as $1.10 and last traded at $1.05. Approximately 47,876 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 202,898 shares. The stock had previously closed at $1.02.

Polestar Automotive Holding UK Stock Performance

The business's 50 day simple moving average is $1.06.

Institutional Investors Weigh In On Polestar Automotive Holding UK

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Zazove Associates LLC acquired a new position in shares of Polestar Automotive Holding UK during the 3rd quarter worth about $27,000. Hohimer Wealth Management LLC increased its stake in shares of Polestar Automotive Holding UK by 20.2% during the 3rd quarter. Hohimer Wealth Management LLC now owns 125,779 shares of the company's stock worth $138,000 after purchasing an additional 21,104 shares during the last quarter. Privium Fund Management B.V. acquired a new position in shares of Polestar Automotive Holding UK during the 3rd quarter worth about $68,000. LMR Partners LLP acquired a new position in shares of Polestar Automotive Holding UK during the 3rd quarter worth about $101,000. Finally, Jane Street Group LLC increased its stake in shares of Polestar Automotive Holding UK by 9.6% during the 3rd quarter. Jane Street Group LLC now owns 216,552 shares of the company's stock worth $238,000 after purchasing an additional 18,940 shares during the last quarter.

Polestar Automotive Holding UK Company Profile

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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