UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases Shares of 580,552 Polestar Automotive Holding UK PLC (NASDAQ:PSNY)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Polestar Automotive Holding UK PLC (NASDAQ:PSNY) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 580,552 shares of the company’s stock, valued at approximately $610,000.

A number of other large investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in shares of Polestar Automotive Holding UK during the fourth quarter valued at about $33,000. Bank of New York Mellon Corp bought a new position in shares of Polestar Automotive Holding UK during the fourth quarter valued at about $37,000. Alliancebernstein L.P. bought a new position in shares of Polestar Automotive Holding UK during the fourth quarter valued at about $42,000. Performa Ltd US LLC grew its stake in shares of Polestar Automotive Holding UK by 23.6% during the fourth quarter. Performa Ltd US LLC now owns 82,520 shares of the company’s stock valued at $87,000 after buying an additional 15,752 shares during the last quarter. Finally, Barclays PLC bought a new position in shares of Polestar Automotive Holding UK during the fourth quarter valued at about $94,000. Hedge funds and other institutional investors own 1.02% of the company’s stock.

Polestar Automotive Holding UK Stock Performance

Shares of NASDAQ:PSNY opened at $1.06 on Thursday. The stock’s 50-day moving average price is $1.05 and its 200-day moving average price is $1.07. Polestar Automotive Holding UK PLC has a 12-month low of $0.61 and a 12-month high of $1.94. The stock has a market capitalization of $2.26 billion, a P/E ratio of -1.86 and a beta of 1.43.

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.