FREYR Battery Inc’s filing revealed that its Director Slettemoen Tore Ivar unloaded Company’s shares for reported $0.74 million on Dec 18 ’24. In the deal valued at $1.88 per share,391,071 shares were sold. As a result of this transaction, Slettemoen Tore Ivar now holds 5,080,446 shares worth roughly $14.68 million.
Then, Slettemoen Tore Ivar sold 600,000 shares, generating $978,000 in total proceeds. Upon selling the shares at $1.63, the Director now owns 6,016,105 shares.
Before that, Slettemoen Tore Ivar sold 544,588 shares. FREYR Battery Inc shares valued at $947,583 were divested by the Director at a price of $1.74 per share. As a result of the transaction, Slettemoen Tore Ivar now holds 5,471,517 shares, worth roughly $15.81 million.
BTIG Research upgraded its FREYR Battery Inc [FREY] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in mid November from “an Overweight” to “an Equal-weight”. BTIG Research also remained covering FREY and has decreased its forecast on November 10, 2023 with a “Neutral” recommendation from previously “Buy” rating. TD Cowen revised its rating on October 25, 2023. It rated FREY as “a Market perform” which previously was an “an Outperform”.
Price Performance Review of FREY
On Friday, FREYR Battery Inc [NYSE:FREY] saw its stock jump 5.86% to $2.89. Over the last five days, the stock has lost -4.62%. FREYR Battery Inc shares have risen nearly 12.02% since the year began. Nevertheless, the stocks have risen 54.55% over the past one year. While a 52-week high of $3.36 was reached on 01/03/25, a 52-week low of $0.91 was recorded on 01/02/25. SMA at 50 days reached $1.94, while 200 days put it at $1.66.
Levels Of Support And Resistance For FREY Stock
The 24-hour chart illustrates a support level at 2.77, which if violated will result in even more drops to 2.65. On the upside, there is a resistance level at 2.98. A further resistance level may holdings at 3.06. The Relative Strength Index (RSI) on the 14-day chart is 66.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 26.04%. Stochastics %K at 65.28% indicates the stock is a holding.
How much short interest is there in FREYR Battery Inc?
A steep rise in short interest was recorded in FREYR Battery Inc stocks on 2024-12-13, growing by 0.84 million shares to a total of 12.85 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 12.01 million shares. There was a rise of 6.51%, which implies that there is a positive sentiment for the stock.
