Key Points
- Director Winfried Vahland bought 6,700 Polestar shares on June 1 at an average of $19.72 each, a transaction worth about $132,124. After the purchase, his stake rose to 31,979 shares, increasing his position by 26.5%.
- Polestar stock was down 2.9% in Thursday trading, opening at $18.87. The company has a market cap of $1.76 billion and has traded between $11.75 and $42.60 over the past 12 months.
- Analyst sentiment remains cautious: one Hold and two Sell ratings give Polestar an average Wall Street rating of “Sell.” Recent note changes included upgrades from Wall Street Zen and Weiss Ratings, while Cantor Fitzgerald downgraded the stock to underweight.
Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Get Free Report) Director Winfried Vahland purchased 6,700 shares of the company's stock in a transaction dated Monday, June 1st. The shares were acquired at an average price of $19.72 per share, with a total value of $132,124.00. Following the transaction, the director owned 31,979 shares in the company, valued at approximately $630,625.88. The trade was a 26.50% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Polestar Automotive Holding UK Trading Down 2.9%
Shares of PSNY opened at $18.87 on Thursday. The company has a market cap of $1.76 billion, a PE ratio of -0.97 and a beta of 1.29. The stock has a 50-day moving average price of $19.91 and a 200-day moving average price of $123.41. Polestar Automotive Holding UK PLC has a 12-month low of $11.75 and a 12-month high of $42.60.
Institutional Trading of Polestar Automotive Holding UK
Hedge funds and other institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC lifted its position in Polestar Automotive Holding UK by 28,277.8% in the first quarter. EverSource Wealth Advisors LLC now owns 2,554 shares of the company's stock valued at $47,000 after purchasing an additional 2,545 shares during the last quarter. Pictet Asset Management Holding SA lifted its position in Polestar Automotive Holding UK by 74.8% in the first quarter. Pictet Asset Management Holding SA now owns 7,465 shares of the company's stock valued at $138,000 after purchasing an additional 3,194 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in Polestar Automotive Holding UK by 171.8% in the first quarter. Public Employees Retirement System of Ohio now owns 9,966 shares of the company's stock valued at $184,000 after purchasing an additional 6,300 shares during the last quarter. SmartHarvest Portfolios LLC bought a new stake in Polestar Automotive Holding UK in the first quarter valued at approximately $186,000. Finally, Alpine Global Management LLC bought a new stake in Polestar Automotive Holding UK in the fourth quarter valued at approximately $219,000. Institutional investors own 1.02% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on PSNY. Wall Street Zen upgraded Polestar Automotive Holding UK from a "sell" rating to a "hold" rating in a research report on Saturday, April 25th. Weiss Ratings upgraded Polestar Automotive Holding UK from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Thursday, May 14th. Finally, Cantor Fitzgerald downgraded Polestar Automotive Holding UK from a "neutral" rating to an "underweight" rating in a research report on Thursday, February 19th. One analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Sell".
Read Our Latest Research Report on Polestar Automotive Holding UK
Polestar Automotive Holding UK Company Profile
(
Get Free Report)
Polestar Automotive Holding UK PLC (NASDAQ: PSNY) is an electric performance car company specializing in the design, development and manufacture of premium electric vehicles. Established as an offshoot of Volvo Car Group’s high-performance Polestar division, the company focuses on delivering a blend of Scandinavian design, advanced electric powertrains and cutting-edge connectivity features.
The roots of Polestar date back to 1996 when it operated as Volvo’s in-house tuning and motorsport arm.
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