A company insider recently sold 10,795 shares of SES AI Corporation [SES]. Should You Sale?


The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. SES AI Corporation shares valued at $35,371 were sold by Nealis Jing on Feb 17. At $3.28 per share, Nealis Jing sold 10,795 shares. The insider’s holdings dropped to 1,445,718 shares worth approximately $4.08 million following the completion of this transaction.

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Also, Nealis Jing sold 12,875 shares, netting a total of over 45,520 in proceeds. Following the sale of shares at $3.54 each, the insider now holds 1,456,513 shares.

Before that, Nealis Jing had sold 35 shares from its account. In a trade valued at $121, the CHIEF FINANCIAL OFFICER traded SES AI Corporation shares for $3.46 each. Upon closing the transaction, the insider’s holdings decreased to 35 shares, worth approximately $4.14 million.

As published in their initiating research note from Cowen on October 31, 2022, SES AI Corporation [SES] has been a Market perform. Analysts at Deutsche Bank started covering the stock with ‘”a Hold”‘ outlook in a report released in mid September.

Analyzing SES Stock Performance

On Thursday, SES AI Corporation [NYSE: SES] rose 3.30% to $2.82. The stock’s lowest price that day was $2.65, but it reached a high of $2.84 in the same session. During the last five days, there has been a drop of approximately -3.42%. Over the course of the year, SES AI Corporation shares have dropped approximately -10.48%. Shares of the company reached a 52-week high of $3.69 on 01/13/23 and a 52-week low of $2.63 on 03/13/23. A 50-day SMA is recorded $3.23, while a 200-day SMA reached $4.43. Nevertheless, trading volume fell to 0.53 million shares from 0.85 million shares the previous day.

Support And Resistance Levels for SES AI Corporation (SES)

According to the 24-hour chart, there is a support level at 2.70, which, if violated, would cause prices to drop to 2.58. In the upper region, resistance lies at 2.89. The next price resistance is at 2.96. RSI (Relative Strength Index) is 41.36 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.15, which suggests the price will decrease in the coming days. Percent R is at 72.46%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is SES AI Corporation subject to short interest?

Stocks of SES AI Corporation saw a sharp rise in short interest on Jan 12, 2023 jumping by 0.27 million shares to 5.37 million. Data from Yahoo Finance shows that the short interest on Dec 14, 2022 was 5.1 million shares. A jump of 5.03% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 11.46 of the overall float, the days-to-cover ratio (short ratio) jumped to 11.46.

Which companies own the most shares of SES AI Corporation (SES)?

According to Temasek Holdings Pte Ltd. filings, the company currently owns 31,515,045 shares, which is about 10.30% of the total SES shares outstanding. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $35,978,347. In its current portfolio, Geode Capital Management LLC holds 1,233,024 shares valued at $3.98 million.


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