SES AI (NYSE:SES) Sees Unusually-High Trading Volume

Shares of SES AI Co. (NYSE:SES) saw strong trading volume on Monday . 426,080 shares traded hands during mid-day trading, a decline of 21% from the previous session’s volume of 540,477 shares.The stock last traded at $1.69 and had previously closed at $1.49.

SES AI Price Performance

The business has a 50 day simple moving average of $1.53 and a 200-day simple moving average of $1.81.

SES AI (NYSE:SES) last posted its quarterly earnings results on Monday, February 26th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.02. During the same period in the prior year, the company posted ($0.05) EPS. On average, equities research analysts expect that SES AI Co. will post -0.24 earnings per share for the current fiscal year.

Insider Transactions at SES AI

In other news, insider Hong Gan sold 25,000 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $1.60, for a total transaction of $40,000.00. Following the completion of the transaction, the insider now owns 875,001 shares in the company, valued at approximately $1,400,001.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last 90 days, insiders sold 75,000 shares of company stock worth $116,750. 15.39% of the stock is owned by company insiders.

Institutional Trading of SES AI

A number of institutional investors have recently added to or reduced their stakes in SES. Vanguard Group Inc. lifted its holdings in SES AI by 681.1% during the 3rd quarter. Vanguard Group Inc. now owns 10,959,563 shares of the company’s stock worth $53,483,000 after purchasing an additional 9,556,507 shares in the last quarter. BlackRock Inc. lifted its holdings in SES AI by 193.3% during the 2nd quarter. BlackRock Inc. now owns 8,729,851 shares of the company’s stock worth $21,301,000 after purchasing an additional 5,753,859 shares in the last quarter. Invesco Ltd. purchased a new stake in SES AI during the 1st quarter worth about $18,817,000. State Street Corp lifted its holdings in SES AI by 207.9% during the 2nd quarter. State Street Corp now owns 2,620,514 shares of the company’s stock worth $6,394,000 after purchasing an additional 1,769,509 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in SES AI by 110.9% during the 2nd quarter. Geode Capital Management LLC now owns 2,636,669 shares of the company’s stock worth $6,433,000 after purchasing an additional 1,386,462 shares in the last quarter. Hedge funds and other 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.