FREYR Battery, Inc. (NYSE:FREY) CFO Joseph Evan Calio Acquires 50,000 Shares

FREYR Battery, Inc. (NYSE:FREY) CFO Joseph Evan Calio acquired 50,000 shares of FREYR Battery stock in a transaction dated Monday, December 16th. The stock was purchased at an average cost of $1.57 per share, for a total transaction of $78,500.00. Following the completion of the purchase, the chief financial officer now owns 680,462 shares in the company, valued at approximately $1,068,325.34. The trade was a 7.93 % increase in their position. The purchase 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 Thursday, December 12th, Joseph Evan Calio purchased 125,000 shares of FREYR Battery stock. The shares were purchased at an average cost of $1.74 per share, for a total transaction of $217,500.00.

FREYR Battery Trading Down 8.5 %

Shares of FREYR Battery stock opened at $1.57 on Tuesday. The company has a market cap of $219.87 million, a P/E ratio of -2.06 and a beta of 1.03. The business has a 50-day moving average price of $1.60 and a two-hundred day moving average price of $1.51. FREYR Battery, Inc. has a 1-year low of $0.91 and a 1-year high of $2.85.

FREYR Battery (NYSE:FREY) last released its earnings results 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 last year, the business earned ($0.07) earnings per share.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new position in shares of FREYR Battery during the second quarter valued at about $676,000. Bank of New York Mellon Corp bought a new stake in FREYR Battery in the 2nd quarter valued at about $571,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in FREYR Battery by 45.3% during the 3rd 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 buying an additional 320,217 shares during the period. State Street Corp boosted its holdings in FREYR Battery by 24.4% in the third quarter. State Street Corp now owns 1,567,499 shares of the company’s stock worth $1,521,000 after acquiring an additional 307,426 shares in the last quarter. Finally, Erste Asset Management GmbH acquired a new stake in FREYR Battery in the third quarter valued at approximately $156,000. 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.