Polestar Automotive Holding UK (NASDAQ:PSNY) Director Winfried Vahland Acquires 6,000 Shares of Stock

Polestar Automotive Holding UK PLC (NASDAQ:PSNY) Director Winfried Vahland purchased 6,000 shares of the firm’s stock in a transaction dated Monday, June 29th. The stock was acquired at an average cost of $16.95 per share, for a total transaction of $101,700.00. Following the completion of the purchase, the director owned 37,979 shares of the company’s stock, valued at approximately $643,744.05. This represents a 18.76% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Winfried Vahland also recently made the following trade(s):

• On Monday, June 1st, Winfried Vahland acquired 6,700 shares of Polestar Automotive Holding UK stock. The shares were acquired at an average cost of $19.72 per share, with a total value of $132,124.00.

Polestar Automotive Holding UK Trading Up 8.3%

Shares of NASDAQ PSNY opened at $20.33 on Thursday. The stock has a market cap of $1.90 billion, a PE ratio of -1.04 and a beta of 1.32. Polestar Automotive Holding UK PLC has a 12-month low of $11.75 and a 12-month high of $42.60. The company has a 50-day moving average of $20.07 and a 200 day moving average of $55.05.

Analyst Ratings Changes

PSNY has been the subject of several recent research reports. Wall Street Zen raised Polestar Automotive Holding UK from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Weiss Ratings upgraded Polestar Automotive Holding UK from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, May 14th. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Institutional Trading of Polestar Automotive Holding UK

Several institutional investors have recently made changes to their positions in the company. Banco Bilbao Vizcaya Argentaria S.A. acquired a new position in shares of Polestar Automotive Holding UK in the 4th quarter valued at $160,160,000. Fjarde AP Fonden Fourth Swedish National Pension Fund purchased a new stake in Polestar Automotive Holding UK in the 4th quarter valued at about $3,111,000. JPMorgan Chase & Co. raised its holdings in Polestar Automotive Holding UK by 6.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 167,188 shares of the company’s stock valued at $157,000 after buying an additional 10,780 shares during the period. Rathbones Group PLC lifted its position in Polestar Automotive Holding UK by 79.1% in the third quarter. Rathbones Group PLC now owns 45,285 shares of the company’s stock valued at $43,000 after buying an additional 20,000 shares during the last quarter. Finally, Focus Partners Wealth acquired a new position in Polestar Automotive Holding UK in the first quarter valued at about $62,000. Hedge funds and other institutional investors own 1.02% of the company’s stock.

About Polestar Automotive Holding UK

Polestar Automotive Holding UK PLC (NASDAQ: PSNY) is an electric performance car company specializing in the design, development and manufacture of premium electric vehicles. Established as an offshoot of Volvo Car Group’s high-performance Polestar division, the company focuses on delivering a blend of Scandinavian design, advanced electric powertrains and cutting-edge connectivity features.

The roots of Polestar date back to 1996 when it operated as Volvo’s in-house tuning and motorsport arm.