Polestar Automotive Holding UK (NASDAQ:PSNYW) Trading 54.4% Higher – Here’s Why

Polestar Automotive Holding UK PLC (NASDAQ:PSNYWGet Free Report)’s share price traded up 54.4% during mid-day trading on Thursday . The company traded as high as $0.48 and last traded at $0.31. 43,479,660 shares traded hands during mid-day trading, an increase of 2,844% from the average session volume of 1,477,138 shares. The stock had previously closed at $0.20.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Polestar Automotive Holding UK in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Polestar Automotive Holding UK currently has an average rating of “Sell”.

View Our Latest Analysis on PSNYW

Polestar Automotive Holding UK Stock Performance

The business’s 50 day moving average price is $0.26 and its two-hundred day moving average price is $0.19.

About Polestar Automotive Holding UK

(Get Free Report)

Polestar Automotive Holding UK PLC manufactures and sells premium electric vehicles. The company was founded in 2017 and is headquartered in Gothenburg, Sweden.

Further Reading

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