Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. FREYR Battery Inc shares valued at $249,446 were purchased by Calio Joseph Evan on Nov 08 ’24. At $1.91 per share, Calio Joseph Evan acquired 130,600 shares. The insider’s holdings grew to 130,600 shares worth approximately $0.27 million following the completion of this transaction.
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As published in a research note from Morgan Stanley on November 14, 2023, FREYR Battery Inc [FREY] has been rated down from an Overweight to an Equal-weight and the price target has been revised to $2 from $13. Analysts at BTIG Research downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early November. As of October 25, 2023, TD Cowen has decreased its “an Outperform” rating to a “Market perform” for FREY. Earlier on July 18, 2023, Goldman downgraded its rating. Their new recommendation was “a Neutral” for FREY stock which previously was a “a Buy”.
Analyzing FREY Stock Performance
During the last five days, there has been a surge of approximately 20.00%. Over the course of the year, FREYR Battery Inc shares have jumped approximately 12.30%. Shares of the company reached a 52-week high of $2.85 on 05/28/24 and a 52-week low of $0.91 on 09/23/24. A 50-day SMA is recorded $1.15, while a 200-day SMA reached $1.56. Nevertheless, trading volume fell to 3.45 million shares from 5.13 million shares the previous day.
Support And Resistance Levels for FREYR Battery Inc (FREY)
According to the 24-hour chart, there is a support level at 1.99, which, if violated, would cause prices to drop to 1.88. In the upper region, resistance lies at 2.28. The next price resistance is at 2.46. RSI (Relative Strength Index) is 69.31 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.70, which suggests the price will decrease in the coming days. Percent R is at 20.71%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
