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

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

ZEEKR Intelligent Technology Trading Up 3.4 %

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

Institutional Investors Weigh In On ZEEKR Intelligent Technology

A number of hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets bought a new stake in ZEEKR Intelligent Technology during the 4th quarter worth about $1,822,000. Tudor Investment Corp ET AL bought a new stake in ZEEKR Intelligent Technology during the 4th quarter worth about $255,000. Hsbc Holdings PLC bought a new stake in ZEEKR Intelligent Technology during the 4th quarter worth about $318,000. XTX Topco Ltd bought a new stake in ZEEKR Intelligent Technology during the 4th quarter worth about $1,034,000. Finally, Renaissance Technologies LLC grew its holdings in ZEEKR Intelligent Technology by 90.8% during the 4th quarter. Renaissance Technologies LLC now owns 505,000 shares of the company’s stock worth $14,332,000 after acquiring an additional 240,300 shares during the last quarter.

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.