ZEEKR Intelligent Technology (NYSE:ZK) Trading Down 6.3% – Should You Sell?

ZEEKR Intelligent Technology Holding Limited (NYSE:ZKGet Free Report)’s share price traded down 6.3% during mid-day trading on Monday . The company traded as low as $29.00 and last traded at $29.25. 127,012 shares were traded during mid-day trading, a decline of 79% from the average session volume of 598,598 shares. The stock had previously closed at $31.23.

ZEEKR Intelligent Technology Stock Down 5.0 %

The business’s 50 day moving average is $26.64 and its 200-day moving average is $24.71.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. HITE Hedge Asset Management LLC raised its holdings in ZEEKR Intelligent Technology by 52.4% during the third quarter. HITE Hedge Asset Management LLC now owns 48,202 shares of the company’s stock worth $1,074,000 after purchasing an additional 16,564 shares in the last quarter. Polymer Capital Management HK LTD acquired a new stake in ZEEKR Intelligent Technology during the third quarter worth approximately $3,836,000. Y Intercept Hong Kong Ltd acquired a new stake in ZEEKR Intelligent Technology during the third quarter worth approximately $605,000. Barclays PLC raised its holdings in ZEEKR Intelligent Technology by 28.5% during the third quarter. Barclays PLC now owns 9,456 shares of the company’s stock worth $211,000 after purchasing an additional 2,097 shares in the last quarter. Finally, Green Alpha Advisors LLC raised its holdings in ZEEKR Intelligent Technology by 55.4% during the fourth quarter. Green Alpha Advisors LLC now owns 15,283 shares of the company’s stock worth $434,000 after purchasing an additional 5,447 shares in the last quarter.

ZEEKR Intelligent Technology Company Profile

(Get Free Report)

ZEEKR Intelligent Technology Holding Limited, an investment holding company, engages in the research and development, production, commercialization, and sale of the electric vehicles and batteries. It offers battery electric passenger vehicles (BEVs) and SUVs. The company also produces and sells electric powertrain and battery packs for electric vehicles, such as motors and electric control systems; and provides automotive related research and development services.

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