SES AI Co. (NYSE:SES) CFO Jing Nealis Sells 80,992 Shares

SES AI Co. (NYSE:SES - Get Free Report) CFO Jing Nealis sold 80,992 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $1.17, for a total value of $94,760.64. Following the completion of the sale, the chief financial officer now owns 1,841,637 shares in the company, valued at approximately $2,154,715.29. The trade was a 4.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Jing Nealis also recently made the following trade(s):

• On Thursday, January 16th, Jing Nealis sold 50,000 shares of SES AI stock. The shares were sold at an average price of $1.02, for a total transaction of $51,000.00.
• On Thursday, December 26th, Jing Nealis sold 150,000 shares of SES AI stock. The stock was sold at an average price of $1.02, for a total transaction of $153,000.00.

SES AI Trading Down 1.4 %

Shares of NYSE SES traded down $0.02 during trading hours on Friday, reaching $1.03. The stock had a trading volume of 8,468,666 shares, compared to its average volume of 38,306,484. SES AI Co. has a 52-week low of $0.20 and a 52-week high of $2.53. The firm has a market cap of $369.59 million, a price-to-earnings ratio of -4.46 and a beta of 0.28. The business's fifty day moving average price is $1.11 and its two-hundred day moving average price is $0.85.

Institutional Investors Weigh In On SES AI

Several hedge funds have recently made changes to their positions in SES. CIBC Asset Management Inc bought a new stake in shares of SES AI in the fourth quarter valued at about $25,000. Optas LLC purchased a new position in SES AI during the 4th quarter valued at about $27,000. Cibc World Markets Corp purchased a new position in SES AI during the 4th quarter valued at about $27,000. SBI Securities Co. Ltd. purchased a new stake in shares of SES AI in the 4th quarter worth approximately $30,000. Finally, Wells Fargo & Company MN lifted its position in shares of SES AI by 28.7% in the 4th quarter. Wells Fargo & Company MN now owns 76,147 shares of the company's stock worth $167,000 after purchasing an additional 16,989 shares during the period. 29.78% of the stock is currently owned by hedge funds and other institutional investors.

SES AI Company Profile

SES AI Corporation engages in the development and production of high-performance Lithium-metal rechargeable batteries for electric vehicles, electric vehicle take-off and landing, and other applications. The company was founded in 2012 and is headquartered in Woburn, Massachusetts.