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

Shares of ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) were down 6.3% during trading on Monday . The stock traded as low as $29.00 and last traded at $29.25. Approximately 127,012 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 598,598 shares. The stock had previously closed at $31.23.

ZEEKR Intelligent Technology Stock Down 5.0 %

The firm’s fifty day moving average price is $26.64 and its 200 day moving average price is $24.71.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC purchased a new position in shares of ZEEKR Intelligent Technology in the fourth quarter valued at approximately $106,036,000. Intel Corp purchased a new position in shares of ZEEKR Intelligent Technology in the fourth quarter valued at approximately $71,785,000. Vanguard Group Inc. purchased a new position in shares of ZEEKR Intelligent Technology in the fourth quarter valued at approximately $22,125,000. Renaissance Technologies LLC boosted its stake in shares of ZEEKR Intelligent Technology by 90.8% in the fourth quarter. Renaissance Technologies LLC now owns 505,000 shares of the company’s stock valued at $14,332,000 after purchasing an additional 240,300 shares during the period. Finally, Polymer Capital Management HK LTD purchased a new position in shares of ZEEKR Intelligent Technology in the third quarter valued at 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.