Tore Ivar Slettemoen Sells 184,621 Shares of FREYR Battery, Inc. (NYSE:FREY) Stock

FREYR Battery, Inc. (NYSE:FREY) Director Tore Ivar Slettemoen sold 184,621 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $1.67, for a total value of $308,317.07. Following the completion of the sale, the director now directly owns 6,616,105 shares in the company, valued at $11,048,895.35. This represents a 2.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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 Stock Up 3.0 %

Shares of FREYR Battery stock opened at $1.71 on Friday. FREYR Battery, Inc. has a 52-week low of $0.91 and a 52-week high of $2.85. The company has a market capitalization of $240.24 million, a P/E ratio of -2.25 and a beta of 1.03. The company has a 50 day moving average of $1.59 and a 200 day moving average of $1.53.

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

Institutional Trading of FREYR Battery

A number of institutional investors have recently bought and sold shares of FREY. IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new position in shares of FREYR Battery in the 2nd quarter valued at about $676,000. Bank of New York Mellon Corp acquired a new position in FREYR Battery in the second quarter valued at approximately $571,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in 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 valued at $996,000 after purchasing an additional 320,217 shares in the last quarter. State Street Corp increased its stake in 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 last quarter. Finally, Erste Asset Management GmbH acquired a new stake in FREYR Battery during the third quarter worth approximately $156,000. 52.31% of the stock is owned by hedge funds and other 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.