ZEEKR Intelligent Technology (NYSE:ZK) Trading Down 2.3% – Here’s Why

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) was down 2.3% during mid-day trading on Monday . The company traded as low as $26.10 and last traded at $26.43. Approximately 167,131 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 841,877 shares. The stock had previously closed at $27.06.

ZEEKR Intelligent Technology Price Performance

The company’s 50-day simple moving average is $26.57 and its 200 day simple moving average is $24.94.

Hedge Funds Weigh In On ZEEKR Intelligent Technology

Several hedge funds have recently bought and sold shares of ZK. Quantbot Technologies LP acquired a new position in ZEEKR Intelligent Technology during the 4th quarter worth $86,000. JPMorgan Chase & Co. bought a new position in ZEEKR Intelligent Technology during the fourth quarter valued at about $145,000. Envestnet Asset Management Inc. acquired a new position in ZEEKR Intelligent Technology in the 4th quarter valued at approximately $202,000. Barclays PLC increased its position in shares of 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 purchasing an additional 2,097 shares during the period. Finally, Wells Fargo & Company MN acquired a new position in shares of ZEEKR Intelligent Technology in the fourth quarter valued at $217,000.

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.