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Polestar Stock News and Forecast: Post-GGPI merger, PSNY gyrates amid price discovery

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$PSNY stock rebounded on Friday by 8.2% to close at $9.53, Polestar completed its merger with GGPI and began trading under PSNY on June 24. PSNY stock retreated for most of last week by claymarkets stocks trading

in 2019, the manufacturer moved to fully electric vehicles. Polestar will launch an SUV, the, sometime in late 2023. This is exciting for shareholders because SUVs tend to make higher margins for car companies.

For now, the 9-day moving average is leading its 21-day counterpart, so we see this as somewhat positive for bulls.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.

 

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