ZEEKR Intelligent Technology (NYSE:ZK) Trading Down 8.9% – What’s Next?

ZEEKR Intelligent Technology Holding Limited (NYSE:ZKGet Free Report) dropped 8.9% during trading on Monday . The stock traded as low as $27.50 and last traded at $28.56. Approximately 519,359 shares were traded during trading, a decline of 10% from the average daily volume of 580,075 shares. The stock had previously closed at $31.36.

ZEEKR Intelligent Technology Stock Performance

The stock’s 50-day moving average is $26.35 and its 200 day moving average is $24.03.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ZK. China Universal Asset Management Co. Ltd. acquired a new position in shares of ZEEKR Intelligent Technology during the fourth quarter valued at about $341,000. Barclays PLC increased its stake in ZEEKR Intelligent Technology by 28.5% during the 3rd quarter. Barclays PLC now owns 9,456 shares of the company’s stock valued at $211,000 after purchasing an additional 2,097 shares in the last quarter. Renaissance Capital LLC raised its holdings in shares of ZEEKR Intelligent Technology by 119.0% in the fourth quarter. Renaissance Capital LLC now owns 49,697 shares of the company’s stock worth $1,410,000 after buying an additional 27,001 shares during the last quarter. Polymer Capital Management HK LTD purchased a new position in ZEEKR Intelligent Technology in the 3rd quarter worth $3,836,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in ZEEKR Intelligent Technology in the third quarter valued at approximately $605,000.

About ZEEKR Intelligent Technology

(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.

Further Reading

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