ZEEKR Intelligent Technology (NYSE:ZK) Trading 6.4% Higher – Should You Buy?

Shares of ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) rose 6.4% on Thursday . The company traded as high as $26.65 and last traded at $26.77. Approximately 318,970 shares traded hands during trading, a decline of 39% from the average daily volume of 518,857 shares. The stock had previously closed at $25.16.

ZEEKR Intelligent Technology Stock Performance

The firm has a 50 day moving average of $26.59 and a 200-day moving average of $23.38.

Institutional Trading of ZEEKR Intelligent Technology

Institutional investors and hedge funds have recently modified their holdings of the company. WT Asset Management Ltd bought a new position in ZEEKR Intelligent Technology in the third quarter worth $446,000. HITE Hedge Asset Management LLC raised its stake in shares of ZEEKR Intelligent Technology by 52.4% in the 3rd quarter. HITE Hedge Asset Management LLC now owns 48,202 shares of the company’s stock valued at $1,074,000 after buying an additional 16,564 shares in the last quarter. Polymer Capital Management HK LTD bought a new position in shares of ZEEKR Intelligent Technology during the 3rd quarter worth about $3,836,000. Y Intercept Hong Kong Ltd bought a new position in shares of ZEEKR Intelligent Technology during the 3rd quarter worth about $605,000. Finally, Barclays PLC boosted its position in shares of ZEEKR Intelligent Technology by 28.5% during the 3rd quarter. Barclays PLC now owns 9,456 shares of the company’s stock valued at $211,000 after acquiring an additional 2,097 shares in the last quarter.

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.