Tore Ivar Slettemoen Sells 228,600 Shares of FREYR Battery, Inc. (NYSE:FREY) Stock

FREYR Battery, Inc. (NYSE:FREY) Director Tore Ivar Slettemoen sold 228,600 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $1.73, for a total value of $395,478.00. Following the transaction, the director now owns 7,351,846 shares in the company, valued at approximately $12,718,693.58. This represents a 3.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Tore Ivar Slettemoen also recently made the following trade(s):

• On Thursday, December 12th, Tore Ivar Slettemoen sold 184,621 shares of FREYR Battery stock. The stock was sold at an average price of $1.67, for a total value of $308,317.07.

FREYR Battery Price Performance

Shares of FREYR Battery stock opened at $1.66 on Friday. The company has a market cap of $232.51 million, a PE ratio of -2.18 and a beta of 1.02. The business has a 50 day moving average of $1.58 and a 200 day moving average of $1.54. FREYR Battery, Inc. has a 52 week low of $0.91 and a 52 week high of $2.85.

FREYR Battery (NYSE:FREY) last posted its earnings results on Wednesday, November 6th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.02). During the same period in the previous year, the firm earned ($0.07) EPS.

Institutional Trading of FREYR Battery

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Victory Capital Management Inc. purchased a new position in FREYR Battery during the second quarter valued at $26,000. SG Americas Securities LLC bought a new position in shares of FREYR Battery in the 2nd quarter worth about $38,000. DRW Securities LLC purchased a new position in FREYR Battery during the 3rd quarter valued at about $29,000. WINTON GROUP Ltd bought a new stake in FREYR Battery during the second quarter worth about $56,000. Finally, American Century Companies Inc. purchased a new stake in FREYR Battery in the second quarter worth about $61,000. 52.31% of the stock is currently owned by hedge funds and other institutional investors.

About FREYR Battery

FREYR Battery, Inc provides battery solutions in the United States, Norway, and internationally. The company develops battery cell manufacturing facilities. It serves its products to energy storage systems and commercial mobility, including marine applications and commercial vehicles markets. The company is headquartered in Luxembourg.