ZEEKR Intelligent Technology (NYSE:ZK) Stock Price Up 3.2% – Here’s Why

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) shot up 3.2% during mid-day trading on Friday . The stock traded as high as $27.07 and last traded at $27.03. 271,610 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 842,334 shares. The stock had previously closed at $26.20.

ZEEKR Intelligent Technology Price Performance

The firm’s 50 day moving average price is $26.59 and its 200-day moving average price is $24.74.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. China Universal Asset Management Co. Ltd. bought a new position in shares of ZEEKR Intelligent Technology in the 4th quarter valued at about $341,000. Barclays PLC boosted its stake in shares of ZEEKR Intelligent Technology by 28.5% in 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 during the last quarter. Renaissance Capital LLC boosted its stake in ZEEKR Intelligent Technology by 119.0% during the 4th quarter. Renaissance Capital LLC now owns 49,697 shares of the company’s stock worth $1,410,000 after acquiring an additional 27,001 shares during the last quarter. Polymer Capital Management HK LTD bought a new position in ZEEKR Intelligent Technology during the 3rd quarter worth approximately $3,836,000. Finally, Y Intercept Hong Kong Ltd bought a new position in ZEEKR Intelligent Technology during the 3rd quarter worth approximately $605,000.

About ZEEKR Intelligent Technology

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.