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William Blair analysts initates a Mkt perform rating for SES AI Corporation (SES)

SES AI Corporation’s recent filing unveils that its CHIEF SCIENCE OFFICER Gan Hong unloaded Company’s shares for reported $35618.0 on May 08 ’24. In the deal valued at $1.42 per share,25,000 shares were sold. As a result of this transaction, Gan Hong now holds 825,506 shares worth roughly $1.15 million.

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Then, Gan Hong sold 25,000 shares, generating $39,970 in total proceeds. Upon selling the shares at $1.60, the CHIEF SCIENCE OFFICER now owns 875,001 shares.

Before that, Gan Hong sold 25,000 shares. SES AI Corporation shares valued at $42,252 were divested by the CHIEF SCIENCE OFFICER at a price of $1.69 per share. As a result of the transaction, Gan Hong now holds 875,001 shares, worth roughly $1.22 million.

William Blair initiated its SES AI Corporation [SES] rating to a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who decreased its forecast for the stock in early June from “a Peer perform” to “an Underperform”. Cowen began covering SES with “Market perform” recommendation on October 31, 2022. Deutsche Bank started covering the stock on September 14, 2022. It rated SES as “a Hold”.

Price Performance Review of SES

On Tuesday, SES AI Corporation [NYSE:SES] saw its stock jump 2.21% to $1.39. SES AI Corporation shares have fallen nearly -24.04% since the year began. Nevertheless, the stocks have fallen -9.15% over the past one year. While a 52-week high of $3.21 was reached on 01/02/24, a 52-week low of $1.14 was recorded on 04/22/24. SMA at 50 days reached $1.4920, while 200 days put it at $1.8686. A total of 0.49 million shares were traded, compared to the trading of 0.46 million shares in the previous session.

Levels Of Support And Resistance For SES Stock

The 24-hour chart illustrates a support level at 1.3533, which if violated will result in even more drops to 1.3167. On the upside, there is a resistance level at 1.4533. A further resistance level may holdings at 1.5167. The Relative Strength Index (RSI) on the 14-day chart is 47.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0243, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 64.00%. Stochastics %K at 38.67% indicates the stock is a holding.

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