ZEEKR Intelligent Technology (NYSE:ZK) Stock Price Up 3.2% – Still a Buy?

Shares of ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) shot up 3.2% during mid-day trading on Friday . The company traded as high as $27.07 and last traded at $27.03. 271,610 shares were traded during mid-day trading, a decline of 68% from the average session volume of 842,334 shares. The stock had previously closed at $26.20.

ZEEKR Intelligent Technology Price Performance

The business has a 50-day simple moving average of $26.57 and a 200-day simple moving average of $24.88.

Institutional Investors Weigh In On ZEEKR Intelligent Technology

A number of hedge funds have recently bought and sold shares of ZK. HITE Hedge Asset Management LLC raised its position in shares of ZEEKR Intelligent Technology by 52.4% during the 3rd quarter. HITE Hedge Asset Management LLC now owns 48,202 shares of the company’s stock worth $1,074,000 after acquiring an additional 16,564 shares in the last quarter. Polymer Capital Management HK LTD purchased a new stake in shares of ZEEKR Intelligent Technology in the third quarter valued at approximately $3,836,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of ZEEKR Intelligent Technology in the third quarter valued at approximately $605,000. Barclays PLC boosted its stake 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 buying an additional 2,097 shares in the last quarter. Finally, Green Alpha Advisors LLC boosted its position in ZEEKR Intelligent Technology by 55.4% during the fourth quarter. Green Alpha Advisors LLC now owns 15,283 shares of the company’s stock worth $434,000 after purchasing an additional 5,447 shares in 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.