Melissa Chen Acquires 41,000 Shares of Chijet Motor (NASDAQ:DCX) Stock

Chijet Motor Company, Inc. (NASDAQ:DCXGet Free Report) CEO Melissa Chen acquired 41,000 shares of the company’s stock in a transaction dated Thursday, July 30th. The shares were purchased at an average price of $1.25 per share, with a total value of $51,250.00. Following the completion of the acquisition, the chief executive officer owned 41,000 shares in the company, valued at approximately $51,250. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Chijet Motor Stock Up 3.6%

Shares of DCX opened at $1.02 on Wednesday. The stock’s fifty day simple moving average is $1.57 and its 200 day simple moving average is $2.09. Chijet Motor Company, Inc. has a twelve month low of $0.63 and a twelve month high of $3,408.00.

Chijet Motor (NASDAQ:DCXGet Free Report) last posted its quarterly earnings results on Thursday, April 30th. The company reported $1,035.89 earnings per share (EPS) for the quarter. The firm had revenue of ($0.27) million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Chijet Motor in a report on Monday, July 20th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

View Our Latest Analysis on DCX

About Chijet Motor

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Chijet Motor Company, Inc engages in the research and development, production, and sale of new energy vehicles. It offers battery electric vehicles, plug-in hybrid electric vehicles, and fuel cell electric vehicles. The company was founded in 2021 and is based in Grand Cayman, the Cayman Islands.

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