Tore Ivar Slettemoen Sells 228,600 Shares of FREYR Battery, Inc. (NYSE:FREY) Stock

FREYR Battery, Inc. (NYSE:FREY) Director Tore Ivar Slettemoen sold 228,600 shares of FREYR Battery stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $1.73, for a total value of $395,478.00. Following the sale, the director now directly owns 7,351,846 shares of the company’s stock, valued at approximately $12,718,693.58. This trade represents a 3.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 shares were sold at an average price of $1.67, for a total value of $308,317.07.

FREYR Battery Price Performance

Shares of FREY opened at $1.71 on Friday. FREYR Battery, Inc. has a 1 year low of $0.91 and a 1 year high of $2.85. The stock has a 50 day simple moving average of $1.59 and a two-hundred day simple moving average of $1.54. The firm has a market cap of $239.54 million, a P/E ratio of -2.24 and a beta of 1.03.

FREYR Battery (NYSE:FREY) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.02). During the same quarter in the prior year, the firm earned ($0.07) EPS.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FREY. State Street Corp lifted its stake in shares of FREYR Battery by 24.4% in the 3rd quarter. State Street Corp now owns 1,567,499 shares of the company’s stock valued at $1,521,000 after acquiring an additional 307,426 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of FREYR Battery by 0.7% during 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 during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of FREYR Battery by 45.3% in 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 during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new position in shares of FREYR Battery in the second quarter worth $676,000. Finally, Bank of New York Mellon Corp bought a new stake in FREYR Battery during the 2nd quarter valued at $571,000. 52.31% of the stock is owned by institutional investors.

FREYR Battery Company Profile

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.