SES AI Co. (NYSE:SES – Get Free Report) insider Hong Gan sold 25,000 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $1.42, for a total value of $35,500.00. Following the sale, the insider now directly owns 825,506 shares of the company’s stock, valued at $1,172,218.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Hong Gan also recently made the following trade(s):
- On Monday, April 1st, Hong Gan sold 25,000 shares of SES AI stock. The shares were sold at an average price of $1.60, for a total transaction of $40,000.00.
- On Friday, March 1st, Hong Gan sold 25,000 shares of SES AI stock. The stock was sold at an average price of $1.69, for a total value of $42,250.00.
SES AI Stock Performance
Shares of SES AI stock traded up $0.09 during midday trading on Thursday, reaching $1.51. 421,267 shares of the company’s stock traded hands, compared to its average volume of 588,133. The company has a market cap of $535.99 million, a price-to-earnings ratio of -9.57 and a beta of 2.59. SES AI Co. has a 52 week low of $1.15 and a 52 week high of $3.21. The company’s 50 day simple moving average is $1.51 and its 200 day simple moving average is $1.70.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of SES. Syon Capital LLC acquired a new position in shares of SES AI in the 3rd quarter valued at $137,000. SG Americas Securities LLC acquired a new position in shares of SES AI during the 3rd quarter worth about $118,000. Kestra Advisory Services LLC bought a new position in shares of SES AI during the third quarter worth $96,000. Swiss National Bank raised its stake in SES AI by 21.3% during the 3rd quarter. Swiss National Bank now owns 201,900 shares of the company’s stock worth $458,000 after buying an additional 35,400 shares during the period. Finally, Alpine Global Management LLC acquired a new position in SES AI in the third quarter valued at about $45,000. 29.78% of the stock is currently owned by institutional investors and hedge funds.
SES AI Company Profile
SES AI Corporation engages in the development and production of high-performance Lithium-metal rechargeable batteries for electric vehicles, electric vehicle take-off and landing, and other applications. The company was founded in 2012 and is headquartered in Woburn, Massachusetts.
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