Melissa Chen Buys 41,000 Shares of Chijet Motor (NASDAQ:DCX) Stock

Chijet Motor Company, Inc. (NASDAQ:DCX) CEO Melissa Chen bought 41,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 30th. The stock was acquired at an average price of $1.25 per share, for a total transaction of $51,250.00. Following the transaction, the chief executive officer owned 41,000 shares in the company, valued at $51,250. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Chijet Motor Stock Down 7.3%

Shares of DCX traded down $0.08 during trading hours on Monday, hitting $1.00. The company had a trading volume of 222,472 shares, compared to its average volume of 719,199. Chijet Motor Company, Inc. has a 52-week low of $0.63 and a 52-week high of $3,408.00. The stock’s 50 day moving average price is $1.62 and its 200 day moving average price is $2.15.

Chijet Motor (NASDAQ:DCX) last posted its quarterly earnings results on Thursday, April 30th. The company reported $1,035.89 earnings per share (EPS) for the quarter. The company had revenue of ($0.27) million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Chijet Motor in a research report on Monday, July 20th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Chijet Motor has a consensus rating of “Sell”.

About Chijet Motor

Chijet Motor Company, Inc engages in the research and development, production, and sale of new energy vehicles. It offers battery electric vehicles, plug-in hybrid electric vehicles, and fuel cell electric vehicles. The company was founded in 2021 and is based in Grand Cayman, the Cayman Islands.