Bank of America Corp DE cut its holdings in shares of Polestar Automotive Holding UK PLC (NASDAQ:PSNY – Free Report) by 13.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,014,891 shares of the company’s stock after selling 318,070 shares during the period. Bank of America Corp DE owned approximately 0.09% of Polestar Automotive Holding UK worth $2,116,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of PSNY. Raymond James Financial Inc. acquired a new stake in shares of Polestar Automotive Holding UK during the 4th quarter valued at about $33,000. Bank of New York Mellon Corp acquired a new stake in shares of Polestar Automotive Holding UK during the 4th quarter valued at about $37,000. Alliancebernstein L.P. acquired a new stake in shares of Polestar Automotive Holding UK during the 4th quarter valued at about $42,000. Tobam acquired a new stake in shares of Polestar Automotive Holding UK during the 4th quarter valued at about $65,000. Finally, Performa Ltd US LLC grew its position in shares of Polestar Automotive Holding UK by 23.6% during the 4th quarter. Performa Ltd US LLC now owns 82,520 shares of the company’s stock valued at $87,000 after acquiring an additional 15,752 shares during the period. 1.02% of the stock is currently owned by institutional investors and hedge funds.
Polestar Automotive Holding UK Stock Down 1.8%
NASDAQ:PSNY opened at $1.08 on Tuesday. Polestar Automotive Holding UK PLC has a 52 week low of $0.61 and a 52 week high of $1.94. The stock has a market capitalization of $2.31 billion, a PE ratio of -1.89 and a beta of 1.43. The stock’s 50-day moving average price is $1.05 and its 200-day moving average price is $1.08.
About Polestar Automotive Holding UK
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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