Jing Nealis Sells 80,992 Shares of SES AI Co. (NYSE:SES) Stock

SES AI Co. (NYSE:SES) CFO Jing Nealis sold 80,992 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $1.17, for a total transaction of $94,760.64. Following the sale, the chief financial officer now owns 1,841,637 shares of the company’s stock, valued at $2,154,715.29. This trade represents a 4.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Jing Nealis also recently made the following trade(s):

• On Thursday, January 16th, Jing Nealis sold 50,000 shares of SES AI stock. The shares were sold at an average price of $1.02, for a total transaction of $51,000.00.
• On Thursday, December 26th, Jing Nealis sold 150,000 shares of SES AI stock. The stock was sold at an average price of $1.02, for a total transaction of $153,000.00.

SES AI Trading Down 2.8 %

Shares of NYSE SES opened at $1.05 on Thursday. The stock has a fifty day simple moving average of $1.08 and a two-hundred day simple moving average of $0.85. SES AI Co. has a 1-year low of $0.20 and a 1-year high of $2.53. The firm has a market cap of $378.61 million, a price-to-earnings ratio of -4.57 and a beta of 0.28.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. CIBC Asset Management Inc purchased a new stake in SES AI in the 4th quarter worth about $25,000. Optas LLC bought a new position in SES AI during the fourth quarter worth about $27,000. Cibc World Markets Corp purchased a new position in shares of SES AI in the fourth quarter worth about $27,000. XTX Topco Ltd bought a new stake in shares of SES AI in the third quarter valued at approximately $28,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of SES AI in the fourth quarter valued at approximately $30,000. 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.