Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. SES AI Corporation shares valued at $168,000 were sold by SK INC. on Dec 18 ’24. At $0.42 per share, SK INC. sold 400,000 shares. The insider’s holdings dropped to 31,843,210 shares worth approximately $22.61 million following the completion of this transaction.
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Also, SK INC. sold 326,460 shares, netting a total of over 124,055 in proceeds. Following the sale of shares at $0.38 each, the insider now holds 32,243,210 shares.
Before that, SK INC. had sold 500,000 shares from its account. In a trade valued at $200,000, the 10% Owner traded SES AI Corporation shares for $0.40 each. Upon closing the transaction, the insider’s holdings decreased to 500,000 shares, worth approximately $23.12 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 surge of approximately 96.73%. Over the course of the year, SES AI Corporation shares have dropped approximately -59.29%. 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 $0.4413, while a 200-day SMA reached $1.0034. Nevertheless, trading volume fell to 48.66 million shares from 20.03 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 0.5467, which, if violated, would cause prices to drop to 0.3833. In the upper region, resistance lies at 0.8767. The next price resistance is at 1.0433. RSI (Relative Strength Index) is 77.27 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0991, which suggests the price will decrease in the coming days. Percent R is at 32.96%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
