Citadel Advisors LLC Acquires New Position in Pony AI Inc. (NASDAQ:PONY)

Citadel Advisors LLC acquired a new stake in shares of Pony AI Inc. (NASDAQ:PONY) during the 4th quarter, Holdings Channel reports. The fund acquired 480,000 shares of the company’s stock, valued at approximately $6,888,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Pinpoint Asset Management Ltd purchased a new position in Pony AI during the fourth quarter worth approximately $108,000. Barclays PLC acquired a new position in Pony AI during the 4th quarter worth $212,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Pony AI during the 4th quarter worth $281,000. Walleye Capital LLC acquired a new position in Pony AI during the 4th quarter worth $402,000. Finally, Ovata Capital Management Ltd acquired a new position in Pony AI during the 4th quarter worth $538,000.

Pony AI Stock Performance

Pony AI stock opened at $18.43 on Friday. The business has a 50-day simple moving average of $10.08. Pony AI Inc. has a 1 year low of $4.11 and a 1 year high of $23.88.

Pony AI Profile

Pony AI Inc, through its subsidiaries, engages in the autonomous mobility principally in the People’s Republic of China and the United States. The company provides robotruck services, such as transportation services to the logistics platforms. Pony AI Inc is based in Guangzhou, the People’s Republic of China.