SES AI Sees Unusually Large Options Volume (NYSE:SES)

SES AI Co. (NYSE:SES) was the recipient of some unusual options trading activity on Thursday. Stock investors acquired 11,130 call options on the stock. This represents an increase of 516% compared to the typical daily volume of 1,808 call options.

SES AI Stock Performance

Shares of SES stock traded up $0.40 during midday trading on Thursday, reaching $1.24. 156,601,127 shares of the company were exchanged, compared to its average volume of 41,061,645. SES AI has a 12 month low of $0.20 and a 12 month high of $2.53. The company has a market cap of $445.32 million, a P/E ratio of -5.37 and a beta of 0.37. The company’s 50 day moving average price is $0.84 and its two-hundred day moving average price is $0.86.

SES AI (NYSE:SES) last released its earnings results on Thursday, October 31st. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.04). During the same period last year, the company posted ($0.04) EPS. As a group, sell-side analysts predict that SES AI will post -0.23 earnings per share for the current year.

Insider Activity at SES AI

In other SES AI news, CFO Jing Nealis sold 50,000 shares of the business’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $1.02, for a total transaction of $51,000.00. Following the sale, the chief financial officer now directly owns 1,935,322 shares in the company, valued at approximately $1,974,028.44. The trade was a 2.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder General Motors Holdings Llc sold 13,332,000 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $0.20, for a total transaction of $2,666,400.00. Following the sale, the insider now owns 9,843,622 shares in the company, valued at $1,968,724.40. This trade represents a 57.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,532,000 shares of company stock worth $2,870,400 in the last ninety days. 15.07% of the stock is owned by insiders.

Institutional Trading of SES AI

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. LexAurum Advisors LLC bought a new stake in shares of SES AI in the 4th quarter worth approximately $55,000. SG Americas Securities LLC raised its holdings in shares of SES AI by 91.6% in the 3rd quarter. SG Americas Securities LLC now owns 66,573 shares of the company’s stock worth $43,000 after purchasing an additional 31,832 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of SES AI during the third quarter valued at approximately $28,000. Charles Schwab Investment Management Inc. lifted its position in shares of SES AI by 4.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,162,112 shares of the company’s stock valued at $744,000 after acquiring an additional 46,778 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in SES AI by 62.8% in the 2nd quarter. Renaissance Technologies LLC now owns 121,300 shares of the company’s stock worth $152,000 after purchasing an additional 46,800 shares during the period. 29.78% of the stock is currently owned by 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.