Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. SES AI Corporation shares valued at $153,000 were sold by Nealis Jing on Dec 26 ’24. At $1.02 per share, Nealis Jing sold 150,000 shares. The insider’s holdings dropped to 1,935,322 shares worth approximately $4.24 million following the completion of this transaction.
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Also, JING NEALIS purchased 150,000 shares, netting a total of over 106,500 in proceeds.
Before that, SK INC. had sold 400,000 shares from its account. In a trade valued at $168,000, the 10% Owner traded SES AI Corporation shares for $0.42 each. Upon closing the transaction, the insider’s holdings decreased to 400,000 shares, worth approximately $69.74 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 320.51%. Over the course of the year, SES AI Corporation shares have jumped approximately 19.67%. Shares of the company reached a 52-week high of $2.47 on 12/30/24 and a 52-week low of $0.20 on 11/15/24. A 50-day SMA is recorded $0.56, while a 200-day SMA reached $1.01. Nevertheless, trading volume fell to 29.48 million shares from 117.7 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 1.96, which, if violated, would cause prices to drop to 1.74. In the upper region, resistance lies at 2.36. The next price resistance is at 2.54. RSI (Relative Strength Index) is 84.08 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.41, which suggests the price will increase in the coming days. Percent R is at 13.30%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
