Tore Ivar Slettemoen Sells 391,071 Shares of FREYR Battery, Inc. (NYSE:FREY) Stock

FREYR Battery, Inc. (NYSE:FREY) Director Tore Ivar Slettemoen sold 391,071 shares of the business’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $1.88, for a total transaction of $735,213.48. Following the transaction, the director now directly owns 5,080,446 shares in the company, valued at approximately $9,551,238.48. The trade was a 7.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Tore Ivar Slettemoen also recently made the following trade(s):

• On Thursday, December 12th, Tore Ivar Slettemoen sold 184,621 shares of FREYR Battery stock. The stock was sold at an average price of $1.67, for a total transaction of $308,317.07.
• On Tuesday, December 10th, Tore Ivar Slettemoen sold 228,600 shares of FREYR Battery stock. The stock was sold at an average price of $1.73, for a total transaction of $395,478.00.

FREYR Battery Trading Up 19.3 %

Shares of FREY opened at $2.16 on Friday. The firm has a market cap of $303.46 million, a P/E ratio of -2.84 and a beta of 1.03. The company’s 50-day moving average price is $1.68 and its 200 day moving average price is $1.51. FREYR Battery, Inc. has a 12-month low of $0.91 and a 12-month high of $2.85.

FREYR Battery (NYSE:FREY) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.02). During the same period in the previous year, the business posted ($0.07) EPS.

Analyst Ratings Changes

Separately, BTIG Research upgraded FREYR Battery from a “neutral” rating to a “buy” rating and set a $4.00 price objective for the company in a research report on Friday.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of FREY. Victory Capital Management Inc. acquired a new position in FREYR Battery during the 2nd quarter worth about $26,000. DRW Securities LLC purchased a new stake in FREYR Battery during the third quarter worth about $29,000. SG Americas Securities LLC purchased a new position in shares of FREYR Battery in the second quarter valued at approximately $38,000. BNP Paribas Financial Markets grew its holdings in shares of FREYR Battery by 182.9% in the third quarter. BNP Paribas Financial Markets now owns 55,575 shares of the company’s stock valued at $54,000 after purchasing an additional 35,928 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in FREYR Battery during the 2nd quarter worth approximately $56,000. 52.31% of the stock is currently owned by hedge funds and other institutional investors.

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.