Volcon, Inc. (NASDAQ:VLCN) Major Shareholder Sabby Management, Llc Acquires 17,757 Shares of Stock

Volcon, Inc. (NASDAQ:VLCN) major shareholder Sabby Management, Llc purchased 17,757 shares of Volcon stock in a transaction that occurred on Wednesday, August 21st. The shares were bought at an average price of $1.50 per share, with a total value of $26,635.50. Following the transaction, the insider now owns 762,009 shares of the company’s stock, valued at approximately $1,143,013.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Sabby Management, Llc also recently made the following trade(s):

• On Monday, August 19th, Sabby Management, Llc bought 5,065 shares of Volcon stock. The shares were bought at an average cost of $1.59 per share, with a total value of $8,053.35.
• On Friday, August 16th, Sabby Management, Llc purchased 16,974 shares of Volcon stock. The stock was bought at an average cost of $1.43 per share, for a total transaction of $24,272.82.
• On Wednesday, August 14th, Sabby Management, Llc bought 20,158 shares of Volcon stock. The stock was purchased at an average cost of $1.62 per share, with a total value of $32,655.96.
• On Monday, August 12th, Sabby Management, Llc purchased 6,087 shares of Volcon stock. The shares were purchased at an average price of $1.64 per share, with a total value of $9,982.68.
• On Friday, August 9th, Sabby Management, Llc acquired 7,116 shares of Volcon stock. The stock was purchased at an average price of $1.64 per share, for a total transaction of $11,670.24.
• On Wednesday, August 7th, Sabby Management, Llc bought 43,756 shares of Volcon stock. The stock was acquired at an average price of $1.76 per share, with a total value of $77,010.56.
• On Monday, August 5th, Sabby Management, Llc purchased 74,574 shares of Volcon stock. The stock was acquired at an average cost of $1.81 per share, for a total transaction of $134,978.94.
• On Friday, August 2nd, Sabby Management, Llc acquired 40,349 shares of Volcon stock. The stock was acquired at an average price of $1.94 per share, with a total value of $78,277.06.

Volcon Price Performance

Shares of VLCN stock opened at $1.61 on Friday. The company’s fifty day simple moving average is $3.11 and its two-hundred day simple moving average is $43.11. Volcon, Inc. has a 1 year low of $1.41 and a 1 year high of $14,598.00.

Volcon (NASDAQ:VLCN) last released its quarterly earnings data on Tuesday, August 6th. The company reported ($1.51) earnings per share (EPS) for the quarter. The company had revenue of $0.94 million during the quarter.

Institutional Investors Weigh In On Volcon

An institutional investor recently bought a new stake in Volcon stock. Virtu Financial LLC acquired a new stake in shares of Volcon, Inc. (NASDAQ:VLCN) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 46,647 shares of the company’s stock, valued at approximately $32,000. Virtu Financial LLC owned approximately 0.19% of Volcon at the end of the most recent quarter.

Volcon Company Profile

Volcon, Inc develops, manufactures, and sells electric off road powersport vehicles in the United States. It provides electric two and four-wheel motorcycles, and utility terrain vehicles through its dealers. The company also offers a line of upgrades and accessories. Its products are designed for family off-road adventures, and work on the farm and fun transport around private land applications.