Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. FREYR Battery Inc shares valued at $735,213 were sold by Slettemoen Tore Ivar on Dec 18 ’24. At $1.88 per share, Slettemoen Tore Ivar sold 391,071 shares. The insider’s holdings dropped to 5,080,446 shares worth approximately $15.14 million following the completion of this transaction.
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Also, Slettemoen Tore Ivar sold 600,000 shares, netting a total of over 978,000 in proceeds. Following the sale of shares at $1.63 each, the insider now holds 6,016,105 shares.
Before that, Slettemoen Tore Ivar had sold 544,588 shares from its account. In a trade valued at $947,583, the Director traded FREYR Battery Inc shares for $1.74 each. Upon closing the transaction, the insider’s holdings decreased to 544,588 shares, worth approximately $16.31 million.
As published in a research note from BTIG Research on December 20, 2024, FREYR Battery Inc [FREY] has been rated up from a Neutral to a Buy and the price target has been revised to $4. Analysts at Morgan Stanley downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in mid November. As of November 10, 2023, BTIG Research has decreased its “Buy” rating to a “Neutral” for FREY. Earlier on October 25, 2023, TD Cowen downgraded its rating. Their new recommendation was “a Market perform” for FREY stock which previously was a “an Outperform”.
Analyzing FREY Stock Performance
During the last five days, there has been a surge of approximately 68.75%. Over the course of the year, FREYR Battery Inc shares have jumped approximately 58.82%. Shares of the company reached a 52-week high of $3.00 on 12/24/24 and a 52-week low of $0.91 on 09/23/24. A 50-day SMA is recorded $1.72, while a 200-day SMA reached $1.62. Nevertheless, trading volume fell to 5.71 million shares from 9.6 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 2.61, which, if violated, would cause prices to drop to 2.23. In the upper region, resistance lies at 3.18. The next price resistance is at 3.37. RSI (Relative Strength Index) is 75.79 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.67, which suggests the price will decrease in the coming days. Percent R is at 1.38%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
