Polestar Automotive Holding UK Shares Scheduled to Reverse Split on Tuesday, December 30th (NASDAQ:PSNY)

Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Free Report) shares are set to reverse split on the morning of Tuesday, December 30th. The 1-30 reverse split was announced on Monday, November 17th. The number of shares owned by shareholders will be adjusted after the market closes on Monday, December 29th.Polestar Automotive Holding UK Stock Up 19.3%These 2 Big Players Are Set to Compete With Elon Musk’s StarlinkNASDAQ PSNY opened at $14.33 on Friday. The company has a 50-day moving average price of $21.61 and a 200-day moving average price of $28.37. Polestar Automotive Holding UK has a 52 week low of $11.75 and a 52 week high of $42.60. The firm has a market capitalization of $1.02 billion, a P/E ratio of -22.05 and a beta of 1.37. Analyst Ratings ChangesSeveral research firms have weighed in on PSNY. Zacks Research downgraded shares of Polestar Automotive Holding UK from a "hold" rating to a "strong sell" rating in a research report on Friday, November 14th. Weiss Ratings restated a "sell (e+)" rating on shares of Polestar Automotive Holding UK in a research note on Monday, December 8th. Cantor Fitzgerald reiterated a "neutral" rating on shares of Polestar Automotive Holding UK in a research report on Thursday, September 4th. Finally, Wall Street Zen cut Polestar Automotive Holding UK from a "hold" rating to a "sell" rating in a research report on Saturday, October 4th. One equities research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Polestar Automotive Holding UK currently has an average rating of "Sell".ZEEKR Is the Chinese EV Stock to Put on Your Watchlist Check Out Our Latest Analysis on PSNYInstitutional Trading of Polestar Automotive Holding UKA number of hedge funds and other institutional investors have recently modified their holdings of the business. Deutsche Bank AG lifted its position in Polestar Automotive Holding UK by 22.5% in the first quarter. Deutsche Bank AG now owns 794,873 shares of the company's stock valued at $835,000 after buying an additional 146,107 shares during the last quarter. Invesco Ltd. boosted its position in shares of Polestar Automotive Holding UK by 1,096.8% during the 1st quarter. Invesco Ltd. now owns 146,238 shares of the company's stock worth $154,000 after purchasing an additional 134,019 shares during the period. Advisors Asset Management Inc. increased its holdings in Polestar Automotive Holding UK by 61.2% in the 1st quarter. Advisors Asset Management Inc. now owns 449,227 shares of the company's stock valued at $472,000 after purchasing an additional 170,563 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Polestar Automotive Holding UK by 12.2% in the first quarter. Goldman Sachs Group Inc. now owns 528,893 shares of the company's stock valued at $555,000 after purchasing an additional 57,717 shares during the period. Finally, SCS Capital Management LLC acquired a new position in Polestar Automotive Holding UK during the first quarter worth $43,000. 1.02% of the stock is owned by institutional investors and hedge funds. Polestar Automotive Holding UK Company Profile (Get Free Report)Polestar Lives to Fight Another Day After Q2 EarningsPolestar Automotive Holding UK PLC manufactures and sells premium electric vehicles. The company was founded in 2017 and is headquartered in Gothenburg, Sweden. Read MoreFive stocks we like better than Polestar Automotive Holding UKTrading Halts ExplainedDisney's $1 Billion Deal Brings Its Magic to OpenAIWhat is a Dividend Harvesting Strategy and How Can Investors Profit from it?Why Amazon Could Be a $300 Stock Within WeeksWhat is the Nikkei 225 index? Adobe Gets Post-Earnings Lift: Long-Term Outlook Favors UpsideThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Polestar Automotive Holding UK Right Now?Before you consider Polestar Automotive Holding UK, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Polestar Automotive Holding UK wasn't on the list.While Polestar Automotive Holding UK currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here