Solidion Technology Inc. (NASDAQ:STI – Get Free Report) shares rose 0.9% on Wednesday . The stock traded as high as $7.59 and last traded at $7.44. 38,744 shares changed hands during trading, a decline of 70% from the average daily volume of 130,258 shares. The stock had previously closed at $7.37.
Wall Street Analyst Weigh In
STI has been the subject of several recent research reports. Wall Street Zen cut Solidion Technology from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. Weiss Ratings upgraded Solidion Technology from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, August 12th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.
View Our Latest Stock Analysis on STI
Solidion Technology Stock Performance
Solidion Technology (NASDAQ:STI – Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported ($0.35) EPS for the quarter. The business had revenue of $0.12 million during the quarter.
Insider Transactions at Solidion Technology
In other news, major shareholder Henry Ikezi bought 2,000 shares of the stock in a transaction dated Friday, June 5th. The stock was bought at an average price of $35.99 per share, for a total transaction of $71,980.00. Following the completion of the acquisition, the insider directly owned 216,037 shares in the company, valued at approximately $7,775,171.63. This trade represents a 0.93% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders acquired a total of 26,000 shares of company stock worth $644,010 in the last ninety days. Corporate insiders own 0.42% of the company’s stock.
Institutional Investors Weigh In On Solidion Technology
Hedge funds have recently made changes to their positions in the business. Anson Funds Management LP bought a new stake in Solidion Technology in the fourth quarter worth about $1,704,000. Geode Capital Management LLC increased its position in Solidion Technology by 68.9% in the fourth quarter. Geode Capital Management LLC now owns 22,963 shares of the company’s stock worth $163,000 after buying an additional 9,370 shares during the last quarter. Jane Street Group LLC purchased a new stake in Solidion Technology in the second quarter worth $49,000. Finally, Russell Investments Group Ltd. bought a new stake in shares of Solidion Technology in the second quarter valued at $34,000.
Solidion Technology Company Profile
Solidion Technology Inc engages in the development and supply of battery materials, components, cells, and selected module/pack technologies. Its products include advanced anode materials; three classes of solid-state batteries, including silicon-rich all-solid-state lithium-ion cells; anode less lithium metal cells; and lithium-sulfur cells. The company was formerly known as Honeycomb Battery Company and changed its name to Solidion Technology Inc in February 2024. The company was incorporated in 2014 and is based in Dayton, Ohio.
See Also
- Five stocks we like better than Solidion Technology
- Blueprint for a Boom: SEC Clears the Crypto Runway
- Ross Stores Just Flipped the Off-Price Retail Story After TJX’s Marmaxx Miss
- Advance Auto Parts Plunged, But Its Turnaround Is Still Working
- Is Palo Alto Networks Priced for Perfection Again as AI Security Demand Accelerates?
Receive News & Ratings for Solidion Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Solidion Technology and related companies with MarketBeat.com's FREE daily email newsletter.
