Insider Buying: Volcon (NASDAQ:EMPD) Major Shareholder Buys $937,667.61 in Stock

Volcon, Inc. (NASDAQ:EMPD) major shareholder Atg Capital Opportunities Fund acquired 190,971 shares of the stock in a transaction on Thursday, January 29th. The stock was bought at an average cost of $4.91 per share, with a total value of $937,667.61. Following the completion of the transaction, the insider owned 3,694,408 shares in the company, valued at $18,139,543.28. This trade represents a 5.45% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Atg Capital Opportunities Fund also recently made the following trade(s):

• On Friday, January 30th, Atg Capital Opportunities Fund purchased 114,447 shares of Volcon stock. The shares were bought at an average cost of $4.82 per share, with a total value of $551,634.54.
• On Wednesday, January 28th, Atg Capital Opportunities Fund purchased 123,208 shares of Volcon stock. The stock was purchased at an average price of $5.09 per share, with a total value of $627,128.72.

Volcon Stock Up 1.0%

EMPD opened at $4.91 on Monday. The stock’s fifty day moving average is $4.69 and its two-hundred day moving average is $6.97. The company has a market capitalization of $178.82 million, a P/E ratio of -0.32 and a beta of -0.60. Volcon, Inc. has a 52 week low of $4.03 and a 52 week high of $80.80.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Volcon in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Volcon currently has a consensus rating of “Moderate Buy”.

About Volcon

Volcon, Inc (NASDAQ: EMPD) is a Texas‐based powersports company specializing in the design, development and distribution of electric off-road vehicles. Headquartered in Austin, Volcon aims to introduce zero-emission solutions to the traditionally gas-powered UTV and dirt bike markets. The company’s modular vehicle platforms blend electric drivetrains with rugged chassis designs, targeting recreational and utility riders seeking sustainable alternatives for trail, sand and farm use.

Volcon’s product lineup includes the Stag, a side-by-side utility terrain vehicle (UTV) engineered for work and play; the Grunt, an entry-level electric dirt bike offering trail-ready performance; and the Ranger, a dual-purpose e-adventure motorcycle suited for longer off-road excursions.