Polestar Automotive Holding UK (NASDAQ:PSNYW) Trading Down 7.6%

Polestar Automotive Holding UK PLC (NASDAQ:PSNYW)’s stock price dropped 7.6% during mid-day trading on Thursday . The stock traded as low as $0.30 and last traded at $0.31. Approximately 18,704 shares were traded during trading, a decline of 77% from the average daily volume of 82,074 shares. The stock had previously closed at $0.33.

Polestar Automotive Holding UK Stock Performance

The company has a 50-day simple moving average of $0.38 and a 200-day simple moving average of $0.57.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of PSNYW. Jane Street Group LLC raised its stake in shares of Polestar Automotive Holding UK by 9.6% during the third quarter. Jane Street Group LLC now owns 216,552 shares of the company’s stock valued at $238,000 after acquiring an additional 18,940 shares in the last quarter. Jefferies Financial Group Inc. bought a new stake in shares of Polestar Automotive Holding UK during the fourth quarter valued at approximately $291,000. Simplicity Solutions LLC bought a new stake in shares of Polestar Automotive Holding UK during the first quarter valued at approximately $53,000. Virtu Financial LLC bought a new stake in shares of Polestar Automotive Holding UK during the first quarter valued at approximately $39,000. Finally, Two Sigma Investments LP bought a new stake in shares of Polestar Automotive Holding UK during the first quarter valued at approximately $55,000.

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.