ZEEKR Intelligent Technology (NYSE:ZK) Shares Gap Down – Here’s What Happened

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) gapped down before the market opened on Tuesday . The stock had previously closed at $23.36, but opened at $22.66. ZEEKR Intelligent Technology shares last traded at $22.14, with a volume of 173,780 shares traded.

Wall Street Analyst Weigh In

ZK has been the subject of several recent analyst reports. Macquarie initiated coverage on shares of ZEEKR Intelligent Technology in a research note on Thursday, October 3rd. They set an “outperform” rating and a $33.00 price objective for the company. CICC Research initiated coverage on shares of ZEEKR Intelligent Technology in a research note on Friday, October 25th. They set an “outperform” rating and a $31.74 price objective for the company. Finally, Bank of America dropped their price objective on shares of ZEEKR Intelligent Technology from $30.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday, August 22nd. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $32.02.

ZEEKR Intelligent Technology Stock Performance

The stock’s 50 day moving average price is $23.38 and its 200-day moving average price is $20.79.

Institutional Trading of ZEEKR Intelligent Technology

A number of large investors have recently made changes to their positions in the stock. Barclays PLC boosted its stake in shares of ZEEKR Intelligent Technology by 28.5% during 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. Y Intercept Hong Kong Ltd purchased a new stake in shares of ZEEKR Intelligent Technology during the third quarter valued at $605,000. Polymer Capital Management HK LTD purchased a new stake in shares of ZEEKR Intelligent Technology during the third quarter valued at $3,836,000. HITE Hedge Asset Management LLC boosted its stake in shares of ZEEKR Intelligent Technology by 52.4% during 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. Finally, WT Asset Management Ltd bought a new stake in shares of ZEEKR Intelligent Technology in the third quarter valued at about $446,000.

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.