SES AI (NYSE:SES – Get Rating) had its target price lowered by Deutsche Bank Aktiengesellschaft from $7.00 to $4.00 in a research note issued to investors on Wednesday, The Fly reports.
SES AI Price Performance
NYSE SES opened at $2.70 on Wednesday. SES AI has a 12 month low of $2.63 and a 12 month high of $10.18. The stock’s 50 day moving average is $3.23 and its 200 day moving average is $4.24.
Insider Activity at SES AI
In other SES AI news, CFO Jing Nealis sold 17,155 shares of the stock in a transaction dated Monday, December 19th. The shares were sold at an average price of $3.59, for a total transaction of $61,586.45. Following the completion of the transaction, the chief financial officer now owns 1,469,423 shares of the company’s stock, valued at approximately $5,275,228.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders sold 40,825 shares of company stock valued at $142,572. Corporate insiders own 12.30% of the company’s stock.
Institutional Trading of SES AI
About SES AI
SES AI Corporation engages in the development and production of high-performance Lithium-metal rechargeable batteries for electric vehicles and other applications. The company was founded in 2012 and is headquartered in Boston, Massachusetts.
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