Swiss National Bank lessened its position in Polestar Automotive Holding UK PLC (NASDAQ:PSNY – Free Report) by 1.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 803,100 shares of the company’s stock after selling 11,100 shares during the period. Swiss National Bank’s holdings in Polestar Automotive Holding UK were worth $843,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of PSNY. Raymond James Financial Inc. acquired a new stake in shares of Polestar Automotive Holding UK in the 4th quarter worth about $33,000. Cobblestone Asset Management LLC acquired a new stake in shares of Polestar Automotive Holding UK in the 1st quarter worth about $73,000. Baader Bank Aktiengesellschaft acquired a new stake in shares of Polestar Automotive Holding UK in the 1st quarter worth about $85,000. Barclays PLC acquired a new stake in shares of Polestar Automotive Holding UK in the 4th quarter worth about $94,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Polestar Automotive Holding UK by 192.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 95,904 shares of the company’s stock worth $101,000 after acquiring an additional 63,123 shares during the period. Institutional investors and hedge funds own 1.02% of the company’s stock.
Polestar Automotive Holding UK Stock Up 2.8%
PSNY stock opened at $1.11 on Wednesday. Polestar Automotive Holding UK PLC has a fifty-two week low of $0.84 and a fifty-two week high of $1.94. The firm’s 50-day simple moving average is $1.08 and its 200 day simple moving average is $1.08. The stock has a market cap of $2.37 billion, a PE ratio of -1.95 and a beta of 1.41.
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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