In a filing, FREYR Battery Inc revealed its Director Slettemoen Tore Ivar unloaded Company’s shares for reported $0.98 million on Dec 13 ’24. In the deal valued at $1.63 per share,600,000 shares were sold. As a result of this transaction, Slettemoen Tore Ivar now holds 6,016,105 shares worth roughly $10.59 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Slettemoen Tore Ivar sold 544,588 shares, generating $947,583 in total proceeds. Upon selling the shares at $1.74, the Director now owns 5,471,517 shares.
Before that, Calio Joseph Evan bought 374,862 shares. FREYR Battery Inc shares valued at $607,276 were divested by the Chief Financial Officer at a price of $1.62 per share. As a result of the transaction, Calio Joseph Evan now holds 630,462 shares, worth roughly $1.11 million.
Morgan Stanley downgraded its FREYR Battery Inc [FREY] rating to an Equal-weight from a an Overweight in a research note published on November 14, 2023; the price target was decreased to $2 from $13. A number of analysts have revised their coverage, including BTIG Research’s analysts, who decreased its forecast for the stock in early November from “a Buy” to “a Neutral”. TD Cowen also remained covering FREY and has decreased its forecast on October 25, 2023 with a “Market perform” recommendation from previously “an Outperform” rating. Goldman revised its rating on July 18, 2023. It rated FREY as “a Neutral” which previously was an “a Buy”.
Price Performance Review of FREY
On Tuesday, FREYR Battery Inc [NYSE:FREY] saw its stock jump 12.10% to $1.76. Over the last five days, the stock has gained 3.53%. FREYR Battery Inc shares have fallen nearly -5.88% since the year began. Nevertheless, the stocks have fallen -6.38% over the past one year. While a 52-week high of $2.85 was reached on 05/28/24, a 52-week low of $0.91 was recorded on 09/23/24. SMA at 50 days reached $1.5952, while 200 days put it at $1.6031.
Levels Of Support And Resistance For FREY Stock
The 24-hour chart illustrates a support level at 1.6800, which if violated will result in even more drops to 1.6000. On the upside, there is a resistance level at 1.8200. A further resistance level may holdings at 1.8800. The Relative Strength Index (RSI) on the 14-day chart is 48.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1286, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.70%. Stochastics %K at 17.96% indicates the stock is a buying.
How much short interest is there in FREYR Battery Inc?
A steep rise in short interest was recorded in FREYR Battery Inc stocks on 2024-11-29, growing by 1.6 million shares to a total of 13.37 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 11.77 million shares. There was a rise of 11.95%, which implies that there is a positive sentiment for the stock.
