Joseph Evan Calio Purchases 125,000 Shares of FREYR Battery, Inc. (NYSE:FREY) Stock

FREYR Battery, Inc. (NYSE:FREY) CFO Joseph Evan Calio acquired 125,000 shares of the stock in a transaction dated Thursday, December 12th. The shares were bought at an average price of $1.74 per share, with a total value of $217,500.00. Following the completion of the transaction, the chief financial officer now directly owns 255,600 shares of the company’s stock, valued at $444,744. The trade was a 95.71 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Joseph Evan Calio also recently made the following trade(s):

• On Monday, December 16th, Joseph Evan Calio bought 50,000 shares of FREYR Battery stock. The shares were purchased at an average cost of $1.57 per share, with a total value of $78,500.00.

FREYR Battery Stock Performance

Shares of NYSE FREY opened at $1.76 on Wednesday. FREYR Battery, Inc. has a 52-week low of $0.91 and a 52-week high of $2.85. The company’s 50 day moving average price is $1.62 and its 200-day moving average price is $1.51. The company has a market capitalization of $246.56 million, a P/E ratio of -2.31 and a beta of 1.03.

FREYR Battery (NYSE:FREY) last released its earnings results on Wednesday, November 6th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.02). During the same quarter last year, the business posted ($0.07) EPS.

Institutional Investors Weigh In On FREYR Battery

Large investors have recently added to or reduced their stakes in the business. IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new position in FREYR Battery in the second quarter valued at approximately $676,000. SG Americas Securities LLC acquired a new position in shares of FREYR Battery during the 2nd quarter valued at $38,000. Susquehanna Fundamental Investments LLC bought a new position in FREYR Battery during the second quarter worth $218,000. Cetera Advisors LLC acquired a new stake in FREYR Battery in the first quarter worth $73,000. Finally, Jennison Associates LLC increased its stake in FREYR Battery by 0.7% in the third quarter. Jennison Associates LLC now owns 1,327,877 shares of the company’s stock valued at $1,288,000 after purchasing an additional 9,667 shares in the last quarter. Institutional investors and hedge funds own 52.31% of the company’s stock.

About FREYR Battery

FREYR Battery, Inc provides battery solutions in the United States, Norway, and internationally. The company develops battery cell manufacturing facilities. It serves its products to energy storage systems and commercial mobility, including marine applications and commercial vehicles markets. The company is headquartered in Luxembourg.