Rafferty Asset Management LLC Lowers Holdings in Polestar Automotive Holding UK PLC (NASDAQ:PSNY)

Rafferty Asset Management LLC cut its position in Polestar Automotive Holding UK PLC (NASDAQ:PSNY) by 68.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 77,153 shares of the company’s stock after selling 166,723 shares during the quarter. Rafferty Asset Management LLC’s holdings in Polestar Automotive Holding UK were worth $81,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in shares of Polestar Automotive Holding UK in the 4th quarter worth $33,000. Bank of New York Mellon Corp bought a new position in shares of Polestar Automotive Holding UK in the 4th quarter worth $37,000. Alliancebernstein L.P. bought a new position in shares of Polestar Automotive Holding UK in the 4th quarter worth $42,000. Tobam bought a new position in shares of Polestar Automotive Holding UK in the 4th quarter worth $65,000. Finally, Performa Ltd US LLC grew its holdings 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 purchasing an additional 15,752 shares during the last quarter. Institutional investors own 1.02% of the company’s stock.

Polestar Automotive Holding UK Stock Performance

PSNY stock opened at $1.14 on Friday. Polestar Automotive Holding UK PLC has a 52 week low of $0.61 and a 52 week high of $1.94. The firm’s fifty day moving average is $1.06 and its 200 day moving average is $1.08. The firm has a market cap of $2.43 billion, a P/E ratio of -2.00 and a beta of 1.43.

Polestar Automotive Holding UK Profile

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