Sono Group N.V. (NASDAQ:SSM – Get Free Report) major shareholder 255 V. Ug Haftungsbes Bambino sold 20,091 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $3.24, for a total transaction of $65,094.84. Following the transaction, the insider owned 157,326 shares in the company, valued at approximately $509,736.24. This trade represents a 11.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Sono Group Stock Performance
SSM stock opened at $2.50 on Thursday. Sono Group N.V. has a 12 month low of $2.50 and a 12 month high of $27.73.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings initiated coverage on Sono Group in a research note on Friday, August 7th. They set a “sell (d-)” rating for the company. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.
Sono Group Company Profile
Sono Group N.V. was a German mobility technology company focused on developing solar-powered transportation solutions. Through its Sono Motors business, the company worked on integrating solar technology into electric vehicles to supplement battery power and help reduce energy consumption and emissions.
Its principal project was the Sion, a planned battery-electric passenger vehicle equipped with solar panels integrated into its body. Sono also developed solar integration systems for commercial vehicles, including buses, trucks, trailers and other fleet applications, allowing existing or newly manufactured vehicles to generate supplementary electricity from sunlight.
The company was founded by Jona Christians and Laurin Hahn and was headquartered in Munich, Germany.
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