PSNYW Stock Summary and Trading Ideas (Polestar Automotive Holding Uk Limited - Class C-1 Ads (Adw) | :PSNYW)

Polestar Automotive Holding Uk Limited - Class C-1 Ads (Adw) trades on the stock market under the symbol PSNYW.

As of August 23, 2024, PSNYW stock price was flat at $0.13 with 120,005 million shares trading.

PSNYW has a beta of 2.18, meaning it tends to be more sensitive to market movements. PSNYW has a correlation of 0.07 to the broad based SPY ETF.

PSNYW has a market cap of $0.00. This is considered a Sub-Micro Cap stock.

PSNYW has underperformed the market in the last year with a price return of -78.0% while the SPY ETF gained +28.4%. However, in the short term, PSNYW had mixed performance relative to the market. It has outperformed in the last 3 months, returning +11.3% vs +7.2% return in SPY. But in the last 2 weeks, PSNYW shares have been beat by the market, returning +0.8% compared to an SPY return of +5.5%.

PSNYW support price is $.12 and resistance is $.14 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PSNYW stock will trade within this expected range on the day.