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 $2,666,400 were sold by General Motors Holdings LLC on Nov 15 ’24. At $0.20 per share, General Motors Holdings LLC sold 13,332,000 shares. The insider’s holdings dropped to 9,843,622 shares worth approximately $2.95 million following the completion of this transaction.
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Also, General Motors Ventures LLC purchased 13,332,000 shares, netting a total of over 2,702,396 in proceeds.
Before that, SK INC. had sold 300,000 shares from its account. In a trade valued at $90,000, the 10% Owner traded SES AI Corporation shares for $0.30 each. Upon closing the transaction, the insider’s holdings decreased to 300,000 shares, worth approximately $10.3 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 -4.76%. Over the course of the year, SES AI Corporation shares have dropped approximately -83.61%. Shares of the company reached a 52-week high of $1.9200 on 01/02/24 and a 52-week low of $0.2000 on 11/15/24. A 50-day SMA is recorded $0.5747, while a 200-day SMA reached $1.1247. Nevertheless, trading volume fell to 3.01 million shares from 4.33 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 0.2884, which, if violated, would cause prices to drop to 0.2768. In the upper region, resistance lies at 0.3157. The next price resistance is at 0.3314. RSI (Relative Strength Index) is 30.11 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0302, which suggests the price will decrease in the coming days. Percent R is at 62.25%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
