ZEEKR Intelligent Technology (NYSE:ZK) Shares Gap Up – Here’s What Happened

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $27.72, but opened at $29.26. ZEEKR Intelligent Technology shares last traded at $30.41, with a volume of 167,983 shares changing hands.

ZEEKR Intelligent Technology Trading Down 5.9 %

The company has a fifty day moving average of $26.48 and a two-hundred day moving average of $24.26.

Hedge Funds Weigh In On ZEEKR Intelligent Technology

A number of hedge funds and other institutional investors have recently made changes to their positions in ZK. China Universal Asset Management Co. Ltd. acquired a new stake in ZEEKR Intelligent Technology in the fourth quarter worth about $341,000. Barclays PLC raised its position in ZEEKR Intelligent Technology by 28.5% during the third quarter. Barclays PLC now owns 9,456 shares of the company’s stock valued at $211,000 after acquiring an additional 2,097 shares in the last quarter. Renaissance Capital LLC raised its position in ZEEKR Intelligent Technology by 119.0% during the fourth quarter. Renaissance Capital LLC now owns 49,697 shares of the company’s stock valued at $1,410,000 after acquiring an additional 27,001 shares in the last quarter. Polymer Capital Management HK LTD purchased a new position in ZEEKR Intelligent Technology during the third quarter valued at approximately $3,836,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in ZEEKR Intelligent Technology during the third quarter valued at approximately $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.