Insider Buying: Volcon, Inc. (NASDAQ:VLCN) Major Shareholder Buys 7,116 Shares of Stock

Volcon, Inc. (NASDAQ:VLCN) major shareholder Sabby Management, Llc acquired 7,116 shares of the company’s stock in a transaction on Friday, August 9th. The stock was acquired at an average cost of $1.64 per share, with a total value of $11,670.24. Following the completion of the purchase, the insider now directly owns 654,129 shares in the company, valued at $1,072,771.56. The purchase was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Sabby Management, Llc also recently made the following trade(s):

• On Wednesday, August 7th, Sabby Management, Llc acquired 43,756 shares of Volcon stock. The stock was acquired at an average cost of $1.76 per share, with a total value of $77,010.56.
• On Monday, August 5th, Sabby Management, Llc acquired 74,574 shares of Volcon stock. The stock was acquired at an average cost of $1.81 per share, with a total value of $134,978.94.
• On Friday, August 2nd, Sabby Management, Llc acquired 40,349 shares of Volcon stock. The stock was acquired at an average cost of $1.94 per share, with a total value of $78,277.06.

Volcon Stock Performance

Shares of NASDAQ:VLCN traded up $0.06 on Monday, reaching $1.74. The company’s stock had a trading volume of 138,222 shares, compared to its average volume of 757,058. Volcon, Inc. has a 52-week low of $1.61 and a 52-week high of $14,598.00. The company has a 50-day simple moving average of $4.80 and a 200 day simple moving average of $70.73.

Volcon (NASDAQ:VLCN) last released its quarterly earnings results on Tuesday, August 6th. The company reported ($1.51) EPS for the quarter. The company had revenue of $0.94 million for the quarter.

Hedge Funds Weigh In On Volcon

An institutional investor recently bought a new position in Volcon stock. Virtu Financial LLC acquired a new stake in shares of Volcon, Inc. (NASDAQ:VLCN) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 46,647 shares of the company’s stock, valued at approximately $32,000. Virtu Financial LLC owned approximately 0.19% of Volcon at the end of the most recent reporting period.

Volcon Company Profile

Volcon, Inc develops, manufactures, and sells electric off road powersport vehicles in the United States. It provides electric two and four-wheel motorcycles, and utility terrain vehicles through its dealers. The company also offers a line of upgrades and accessories. Its products are designed for family off-road adventures, and work on the farm and fun transport around private land applications.