SES AI Co. (NYSE:SES) CTO Sells $32,723.73 in Stock

SES AI Co. (NYSE:SES) CTO Kang Xu sold 27,969 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $1.17, for a total transaction of $32,723.73. Following the completion of the sale, the chief technology officer now owns 444,290 shares in the company, valued at $519,819.30. This represents a 5.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

SES AI Trading Down 6.5 %

Shares of SES AI stock traded down $0.08 during trading on Tuesday, reaching $1.09. The company’s stock had a trading volume of 11,050,613 shares, compared to its average volume of 35,881,242. The stock has a 50-day moving average price of $1.07 and a two-hundred day moving average price of $0.84. SES AI Co. has a one year low of $0.20 and a one year high of $2.53. The stock has a market capitalization of $391.23 million, a P/E ratio of -4.72 and a beta of 0.28.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. CIBC Asset Management Inc bought a new position in shares of SES AI in the fourth quarter valued at about $25,000. Optas LLC bought a new position in shares of SES AI in the fourth quarter valued at about $27,000. Cibc World Markets Corp bought a new position in shares of SES AI in the fourth quarter valued at about $27,000. SBI Securities Co. Ltd. bought a new position in shares of SES AI in the fourth quarter valued at about $30,000. Finally, LPL Financial LLC raised its holdings in shares of SES AI by 75.3% in the fourth quarter. LPL Financial LLC now owns 57,315 shares of the company’s stock valued at $126,000 after buying an additional 24,625 shares during the last quarter. 29.78% of the stock is 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.