ZEEKR Intelligent Technology (NYSE:ZK) Stock Price Down 6.3% – Here’s What Happened

Shares of ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) were down 6.3% during mid-day trading on Monday . The stock traded as low as $29.00 and last traded at $29.25. Approximately 127,012 shares changed hands during 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 Price Performance

The stock’s 50 day moving average is $26.59 and its two-hundred day moving average is $24.52.

Institutional Trading of ZEEKR Intelligent Technology

A number of hedge funds have recently modified their holdings of ZK. China Universal Asset Management Co. Ltd. acquired a new position in shares of ZEEKR Intelligent Technology in the 4th quarter valued at approximately $341,000. Barclays PLC raised its stake in ZEEKR Intelligent Technology by 28.5% during the third quarter. Barclays PLC now owns 9,456 shares of the company’s stock worth $211,000 after buying an additional 2,097 shares during the last quarter. Renaissance Capital LLC lifted its stake in shares of ZEEKR Intelligent Technology by 119.0% in the 4th quarter. Renaissance Capital LLC now owns 49,697 shares of the company’s stock valued at $1,410,000 after purchasing an additional 27,001 shares during the period. Polymer Capital Management HK LTD acquired a new position in shares of ZEEKR Intelligent Technology during the 3rd quarter valued at $3,836,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in ZEEKR Intelligent Technology in the 3rd quarter valued at about $605,000.

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.