Chijet Motor (NASDAQ:DCX) CEO Acquires $51,250.00 in Stock

Chijet Motor Company, Inc. (NASDAQ:DCX) CEO Melissa Chen acquired 41,000 shares of Chijet Motor stock in a transaction that occurred on Thursday, July 30th. The shares were bought at an average price of $1.25 per share, with a total value of $51,250.00. Following the transaction, the chief executive officer directly owned 41,000 shares in the company, valued at approximately $51,250. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Chijet Motor Stock Up 2.0%

DCX opened at $1.04 on Thursday. The business’s 50 day moving average is $1.54 and its 200-day moving average is $2.06. Chijet Motor Company, Inc. has a twelve month low of $0.63 and a twelve month high of $2,502.00.

Chijet Motor (NASDAQ:DCX) last announced its 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 during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Chijet Motor in a research note on Monday, July 20th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Chijet Motor presently has an average rating of “Sell”.

Chijet Motor Company Profile

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.