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 $553,989 were sold by SK INC. on Oct 01 ’24. At $0.61 per share, SK INC. sold 908,178 shares. The insider’s holdings dropped to 41,028,405 shares worth approximately $24.21 million following the completion of this transaction.
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Also, SK INC. sold 71,176 shares, netting a total of over 49,823 in proceeds. Following the sale of shares at $0.70 each, the insider now holds 41,936,583 shares.
Before that, Temasek Holdings (Private) Ltd had sold 467,143 shares from its account. In a trade valued at $420,429, the 10% Owner traded SES AI Corporation shares for $0.90 each. Upon closing the transaction, the insider’s holdings decreased to 467,143 shares, worth approximately $1.51 million.
As of December 18, 2023, William Blair has initiated its “Mkt perform” rating for SES. Earlier on June 08, 2023, Wolfe Research downgraded its rating. Their new recommendation was “an Underperform” for SES stock which previously was a “a Peer perform”.
Analyzing SES Stock Performance
During the last five days, there has been a drop of approximately -21.67%. Over the course of the year, SES AI Corporation shares have dropped approximately -67.49%. Shares of the company reached a 52-week high of $1.9200 on 01/02/24 and a 52-week low of $0.5674 on 10/02/24. A 50-day SMA is recorded $0.9568, while a 200-day SMA reached $1.3150. Nevertheless, trading volume fell to 1.03 million shares from 2.51 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 0.5838, which, if violated, would cause prices to drop to 0.5728. In the upper region, resistance lies at 0.6031. The next price resistance is at 0.6114. RSI (Relative Strength Index) is 27.39 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.1497, which suggests the price will decrease in the coming days. Percent R is at 96.25%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
