Shares of Pony AI Inc. (NASDAQ:PONY – Get Free Report) traded down 7.5% on Monday . The company traded as low as $13.72 and last traded at $13.95. 147,567 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 1,163,313 shares. The stock had previously closed at $15.08.
Wall Street Analyst Weigh In
PONY has been the topic of a number of research analyst reports. The Goldman Sachs Group assumed coverage on Pony AI in a report on Monday, December 23rd. They set a “buy” rating and a $19.60 price target on the stock. Bank of America assumed coverage on shares of Pony AI in a research note on Monday, December 23rd. They issued a “buy” rating and a $18.00 price objective on the stock.
Read Our Latest Report on PONY
Pony AI Stock Performance
Pony AI Company Profile
Pony AI Inc, through its subsidiaries, engages in the autonomous mobility principally in the People’s Republic of China and the United States. The company provides robotruck services, such as transportation services to the logistics platforms. Pony AI Inc is based in Guangzhou, the People’s Republic of China.
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