$Polestar Automotive(PSNY)$for those of us who wonder why isn't the stock price moving & then staying up, one possible reason that was already stated is the (relatively small) trading volume, including who were the likely ones to be engaging in those trades (refer my previous post).

So why is PSNY trading volume low, especially when compared to similar stocks like LCID, RIVN, NIO, etc.? This is because PSNY has not yet been covered by analysts, particularly since its official inception into NASDAQ on Jun 24. Normally, stocks would see an increase in trading volume after coverage by analysts - the higher the numbers & reputation of those analysts, the more likely we'll see a bump (& subsequent maintenance) in trading volume.

If the analysts' coverage for PSNY is positive, then the potential bump in trading volume will likely be in a corresponding positive direction, and vice versa.

I'm putting up this post as I was asked about my price target for PSNY @XantheJuliana - honestly, my guess is as good as anyone's atm cos there's too much uncertainty rn to have one; I had thought we'd see PSNY go up to 15 on merger & then see some pull back to about 11-12 as base after.  But the situation panned out quite differently. So personally, I'd wait for analysts' coverage on PSNY and see how things move from there. Patience is my ally now & I'm holding.

This is NOT financial advice but my personal opinion only based on my own observation of the stock market & PSNY. Please always do your own DD & make up your own minds when investing your own money. I'm just hoping that sharing my thoughts would help others like me stay sane in these insane times.