SES AI Corporation’s filing revealed that its 10% Owner Temasek Holdings (Private) Ltd unloaded Company’s shares for reported $0.42 million on Sep 19 ’24. In the deal valued at $0.90 per share,467,143 shares were sold. As a result of this transaction, Temasek Holdings (Private) Ltd now holds 2,550,901 shares worth roughly $1.68 million.
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Then, Temasek Holdings (Private) Ltd sold 253,119 shares, generating $210,089 in total proceeds. Upon selling the shares at $0.83, the 10% Owner now owns 2,297,782 shares.
Before that, Temasek Holdings (Private) Ltd sold 1,380,656 shares. SES AI Corporation shares valued at $1,573,948 were divested by the 10% Owner at a price of $1.14 per share. As a result of the transaction, Temasek Holdings (Private) Ltd now holds 4,018,044 shares, worth roughly $2.65 million.
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 Monday, SES AI Corporation [NYSE:SES] saw its stock fall -13.43% to $0.66. Over the last five days, the stock has lost -35.43%. SES AI Corporation shares have fallen nearly -64.01% since the year began. Nevertheless, the stocks have fallen -69.37% over the past one year. While a 52-week high of $2.66 was reached on 01/02/24, a 52-week low of $0.76 was recorded on 09/23/24. SMA at 50 days reached $1.0550, while 200 days put it at $1.3746.
Levels Of Support And Resistance For SES Stock
The 24-hour chart illustrates a support level at 0.6208, which if violated will result in even more drops to 0.5830. On the upside, there is a resistance level at 0.7321. A further resistance level may holdings at 0.8056. The Relative Strength Index (RSI) on the 14-day chart is 24.24, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1934, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.67%. Stochastics %K at 4.70% indicates the stock is a buying.
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 .
