ZEEKR Intelligent Technology (NYSE:ZK) Trading Down 5.4% – Should You Sell?

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) was down 5.4% during trading on Tuesday . The stock traded as low as $19.80 and last traded at $20.22. 96,124 shares changed 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 Stock Down 7.7 %

The stock has a market cap of $5.02 billion and a P/E ratio of -5.03. The firm has a 50 day simple moving average of $25.41 and a 200-day simple moving average of $25.62.

Hedge Funds Weigh In On ZEEKR Intelligent Technology

Hedge funds have recently added to or reduced their stakes in the stock. Quantbot Technologies LP bought a new stake in ZEEKR Intelligent Technology during the fourth quarter worth about $86,000. JPMorgan Chase & Co. bought a new stake in shares of ZEEKR Intelligent Technology during the 4th quarter worth approximately $145,000. Envestnet Asset Management Inc. acquired a new stake in shares of ZEEKR Intelligent Technology during the 4th quarter worth approximately $202,000. Wells Fargo & Company MN bought a new position in ZEEKR Intelligent Technology in the fourth quarter valued at approximately $217,000. Finally, Franklin Resources Inc. acquired a new position in ZEEKR Intelligent Technology during the fourth quarter valued at approximately $244,000.

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.