Insider Selling: FREYR Battery, Inc. (NYSE:FREY) Director Sells $308,317.07 in Stock

FREYR Battery, Inc. (NYSE:FREY) Director Tore Ivar Slettemoen sold 184,621 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $1.67, for a total value of $308,317.07. Following the sale, the director now directly owns 6,616,105 shares of the company’s stock, valued at $11,048,895.35. The trade was a 2.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

• 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 Price Performance

Shares of FREY opened at $1.71 on Friday. The firm has a 50-day simple moving average of $1.59 and a two-hundred day simple moving average of $1.53. FREYR Battery, Inc. has a 1-year low of $0.91 and a 1-year high of $2.85. The stock has a market cap of $240.24 million, a PE ratio of -2.25 and a beta of 1.03.

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

Institutional Investors Weigh In On FREYR Battery

A number of institutional investors have recently modified their holdings of FREY. IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new position in FREYR Battery during the 2nd quarter valued at about $676,000. Bank of New York Mellon Corp acquired a new stake in shares of FREYR Battery during the second quarter worth about $571,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of FREYR Battery by 45.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,026,774 shares of the company’s stock worth $996,000 after purchasing an additional 320,217 shares in the last quarter. State Street Corp boosted its stake in shares of FREYR Battery by 24.4% in the third quarter. State Street Corp now owns 1,567,499 shares of the company’s stock valued at $1,521,000 after purchasing an additional 307,426 shares during the period. Finally, Erste Asset Management GmbH acquired a new position in shares of FREYR Battery in the third quarter valued at approximately $156,000. 52.31% of the stock is owned by institutional investors and hedge funds.

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.