ZEEKR Intelligent Technology (NYSE:ZK) Shares Gap Down – Should You Sell?

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) gapped down before the market opened on Friday . The stock had previously closed at $26.25, but opened at $24.38. ZEEKR Intelligent Technology shares last traded at $25.90, with a volume of 232,426 shares.

ZEEKR Intelligent Technology Stock Up 2.3 %

The business’s 50 day moving average price is $26.57 and its 200-day moving average price is $23.40.

Hedge Funds Weigh In On ZEEKR Intelligent Technology

Institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC bought a new position in shares of ZEEKR Intelligent Technology in the fourth quarter valued at about $106,036,000. Intel Corp acquired a new stake in ZEEKR Intelligent Technology in the 4th quarter valued at about $71,785,000. Vanguard Group Inc. bought a new position in shares of ZEEKR Intelligent Technology in the fourth quarter worth about $22,125,000. Renaissance Technologies LLC lifted its position in shares of ZEEKR Intelligent Technology by 90.8% during the fourth quarter. Renaissance Technologies LLC now owns 505,000 shares of the company’s stock worth $14,332,000 after purchasing an additional 240,300 shares in the last quarter. Finally, Polymer Capital Management HK LTD acquired a new position in shares of ZEEKR Intelligent Technology during the third quarter worth approximately $3,836,000.

ZEEKR Intelligent Technology Company Profile

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.