SES AI Co. (NYSE:SES – Get Rating) CEO Qichao Hu purchased 25,000 shares of SES AI stock in a transaction dated Tuesday, June 14th. The stock was bought at an average cost of $3.83 per share, with a total value of $95,750.00. Following the completion of the transaction, the chief executive officer now owns 583,659 shares in the company, valued at approximately $2,235,413.97. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.
NYSE SES opened at $4.00 on Thursday. The business has a fifty day moving average price of $6.64. SES AI Co. has a 12-month low of $3.61 and a 12-month high of $11.47.
A number of hedge funds have recently added to or reduced their stakes in the stock. Penserra Capital Management LLC acquired a new stake in SES AI during the 1st quarter worth about $31,000. 1832 Asset Management L.P. acquired a new position in shares of SES AI in the 1st quarter valued at about $37,000. Royal Bank of Canada purchased a new position in SES AI in the first quarter valued at $52,000. Citigroup Inc. acquired a new position in shares of SES AI during the 1st quarter worth approximately $73,000. Finally, Cresset Asset Management LLC purchased a new stake in shares of SES AI during the first quarter worth approximately $92,000. Institutional investors own 27.51% of the company’s stock.
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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