SES AI Co. (NYSE:SES) CTO Kang Xu Sells 27,969 Shares

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 stock was sold at an average price of $1.17, for a total transaction of $32,723.73. Following the transaction, the chief technology officer now directly owns 444,290 shares in the company, valued at $519,819.30. This trade represents a 5.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

SES AI Price Performance

SES stock traded down $0.08 on Tuesday, reaching $1.09. 11,050,613 shares of the company were exchanged, compared to its average volume of 35,881,242. SES AI Co. has a 12 month low of $0.20 and a 12 month high of $2.53. The stock’s fifty day moving average price is $1.07 and its 200 day moving average price is $0.84. The firm has a market capitalization of $391.23 million, a PE ratio of -4.72 and a beta of 0.28.

Hedge Funds Weigh In On SES AI

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC boosted its stake in SES AI by 62.8% during the second quarter. Renaissance Technologies LLC now owns 121,300 shares of the company’s stock worth $152,000 after buying an additional 46,800 shares in the last quarter. SG Americas Securities LLC boosted its stake in SES AI by 91.6% during the third quarter. SG Americas Securities LLC now owns 66,573 shares of the company’s stock worth $43,000 after buying an additional 31,832 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in SES AI by 4.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,162,112 shares of the company’s stock worth $744,000 after buying an additional 46,778 shares in the last quarter. DRW Securities LLC acquired a new stake in SES AI during the third quarter worth $52,000. Finally, XTX Topco Ltd acquired a new stake in SES AI during the third quarter worth $28,000. Institutional investors own 29.78% of the company’s stock.

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.