ZEEKR Intelligent Technology (NYSE:ZK) Shares Gap Down – Time to Sell?

Shares of ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) gapped down before the market opened on Friday . The stock had previously closed at $26.25, but opened at $24.38. ZEEKR Intelligent Technology shares last traded at $25.90, with a volume of 232,426 shares changing hands.

ZEEKR Intelligent Technology Trading Up 2.3 %

The company’s 50-day moving average is $26.56 and its 200 day moving average is $23.54.

Institutional Trading of ZEEKR Intelligent Technology

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. HITE Hedge Asset Management LLC grew its position in shares of ZEEKR Intelligent Technology by 52.4% in the third quarter. HITE Hedge Asset Management LLC now owns 48,202 shares of the company’s stock valued at $1,074,000 after purchasing an additional 16,564 shares during the period. Polymer Capital Management HK LTD acquired a new stake in shares of ZEEKR Intelligent Technology in the third quarter valued at about $3,836,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of ZEEKR Intelligent Technology in the third quarter valued at about $605,000. Barclays PLC grew its position in shares of ZEEKR Intelligent Technology by 28.5% in 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, Green Alpha Advisors LLC grew its position in shares of ZEEKR Intelligent Technology by 55.4% in the fourth quarter. Green Alpha Advisors LLC now owns 15,283 shares of the company’s stock valued at $434,000 after purchasing an additional 5,447 shares during the period.

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.