SES AI Corporation’s recently made public that its 10% Owner Temasek Holdings (Private) Ltd unloaded Company’s shares for reported $0.17 million on Sep 13 ’24. In the deal valued at $1.04 per share,165,539 shares were sold. As a result of this transaction, Temasek Holdings (Private) Ltd now holds 5,466,590 shares worth roughly $5.36 million.
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Then, Temasek Holdings (Private) Ltd sold 67,890 shares, generating $69,248 in total proceeds. Upon selling the shares at $1.02, the 10% Owner now owns 5,398,700 shares.
Before that, JING NEALIS bought 50,000 shares. SES AI Corporation shares valued at $53,000 were divested by the Officer at a price of $1.06 per share.
William Blair began covering SES with “Mkt perform” recommendation on December 18, 2023. Wolfe Research revised its rating on June 08, 2023. It rated SES as “an Underperform” which previously was an “a Peer perform”.
Price Performance Review of SES
On Tuesday, SES AI Corporation [NYSE:SES] saw its stock fall -3.83% to $0.98. Over the last five days, the stock has lost -2.88%. SES AI Corporation shares have fallen nearly -46.40% since the year began. Nevertheless, the stocks have fallen -55.21% over the past one year. While a 52-week high of $2.66 was reached on 01/02/24, a 52-week low of $0.81 was recorded on 08/12/24. SMA at 50 days reached $1.0911, while 200 days put it at $1.4041.
Levels Of Support And Resistance For SES Stock
The 24-hour chart illustrates a support level at 0.8206, which if violated will result in even more drops to 0.6603. On the upside, there is a resistance level at 1.2206. A further resistance level may holdings at 1.4603. The Relative Strength Index (RSI) on the 14-day chart is 43.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0062, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.77%. Stochastics %K at 41.36% indicates the stock is a holding.
How much short interest is there in SES AI Corporation?
A steep rise in short interest was recorded in SES AI Corporation stocks on 2024-08-30, growing by 0.36 million shares to a total of 8.15 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 7.79 million shares. There was a rise of 4.42%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 31, 2022 when Cowen began covering the stock and recommended ‘”a Market perform”‘ rating .
