ZEEKR Intelligent Technology (NYSE:ZK) Stock Price Down 5.4% – What’s Next?

Shares of ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) were down 5.4% on Tuesday . The stock traded as low as $19.80 and last traded at $20.22. Approximately 96,124 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 835,316 shares. The stock had previously closed at $21.38.

ZEEKR Intelligent Technology Trading Down 2.7 %

The firm has a market capitalization of $4.82 billion and a price-to-earnings ratio of -4.84. The stock has a fifty day moving average price of $25.11 and a 200-day moving average price of $25.53.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ZK. Quantbot Technologies LP bought a new stake in shares of ZEEKR Intelligent Technology in the 4th quarter worth about $86,000. JPMorgan Chase & Co. bought a new stake in ZEEKR Intelligent Technology during the fourth quarter worth about $145,000. Envestnet Asset Management Inc. acquired a new stake in shares of ZEEKR Intelligent Technology during the fourth quarter worth approximately $202,000. Wells Fargo & Company MN acquired a new stake in shares of ZEEKR Intelligent Technology during the fourth quarter worth approximately $217,000. Finally, Franklin Resources Inc. bought a new position in shares of ZEEKR Intelligent Technology in the fourth quarter valued at approximately $244,000.

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.