Solid Power (NASDAQ:SLDP) Reaches New 12-Month Low at $4.58

Solid Power, Inc. (NASDAQ:SLDPGet Rating)’s share price hit a new 52-week low on Monday . The company traded as low as $4.58 and last traded at $4.63, with a volume of 3153 shares. The stock had previously closed at $4.63.

Analyst Upgrades and Downgrades

SLDP has been the topic of a number of research reports. Cowen initiated coverage on Solid Power in a research report on Monday, October 31st. They set a “market perform” rating on the stock. Cowen initiated coverage on Solid Power in a research report on Monday, October 31st. They set a “market perform” rating on the stock.

Solid Power Price Performance

The business has a fifty day moving average of $5.41 and a 200-day moving average of $6.33.

Insider Buying and Selling

In related news, CEO Douglas M. Campbell sold 260,000 shares of the stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $6.82, for a total value of $1,773,200.00. Following the completion of the transaction, the chief executive officer now directly owns 10,270,214 shares of the company’s stock, valued at approximately $70,042,859.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Solid Power news, CEO Douglas M. Campbell sold 170,000 shares of the stock in a transaction on Wednesday, August 31st. The stock was sold at an average price of $6.41, for a total transaction of $1,089,700.00. Following the completion of the transaction, the chief executive officer now directly owns 9,700,214 shares of the company’s stock, valued at approximately $62,178,371.74. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Douglas M. Campbell sold 260,000 shares of the stock in a transaction on Friday, August 26th. The shares were sold at an average price of $6.82, for a total value of $1,773,200.00. Following the transaction, the chief executive officer now directly owns 10,270,214 shares of the company’s stock, valued at $70,042,859.48. The disclosure for this sale can be found here. Insiders sold 630,000 shares of company stock valued at $4,220,900 in the last three months. 11.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Solid Power

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ovata Capital Management Ltd bought a new position in Solid Power during the 1st quarter valued at $33,000. CWM LLC bought a new position in Solid Power during the 2nd quarter valued at $28,000. Spire Wealth Management bought a new position in Solid Power during the 2nd quarter valued at $31,000. US Bancorp DE bought a new position in Solid Power during the 3rd quarter valued at $32,000. Finally, UBS Group AG boosted its stake in shares of Solid Power by 171.2% during the 3rd quarter. UBS Group AG now owns 6,781 shares of the company’s stock worth $36,000 after acquiring an additional 4,281 shares in the last quarter. 21.55% of the stock is owned by institutional investors.

Solid Power Company Profile

(Get Rating)

Solid Power, Inc focuses on the development and commercialization of all-solid-state battery cells and solid electrolyte materials for the battery-powered electric vehicle market in the United States. The company was founded in 2011 and is headquartered in Louisville, Colorado.

Further Reading

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