Key Points
- CEO Melissa Chen bought 41,000 Chijet Motor shares at an average price of $1.25, investing $51,250 and becoming the direct owner of 41,000 shares.
- Chijet shares opened at $0.98 and were reported down 8.8%, trading well below their 50-day and 200-day moving averages. The stock’s 52-week range was $0.63 to $3,408.
- Analyst sentiment remains negative: Weiss Ratings reaffirmed a “sell (e+)” rating, and MarketBeat data showed the stock carrying an average “Sell” rating.
Chijet Motor Company, Inc. (NASDAQ:DCX - Get Free Report) CEO Melissa Chen bought 41,000 shares of the firm's stock in a transaction on Thursday, July 30th. The shares were bought at an average price of $1.25 per share, for a total transaction of $51,250.00. Following the completion of the transaction, the chief executive officer directly owned 41,000 shares in the company, valued at approximately $51,250. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link.
Chijet Motor Trading Down 8.8%
Shares of DCX opened at $0.98 on Tuesday. The company has a 50-day simple moving average of $1.59 and a 200-day simple moving average of $2.12. Chijet Motor Company, Inc. has a 52-week low of $0.63 and a 52-week high of $3,408.00.
Chijet Motor (NASDAQ:DCX - Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The company reported $1,035.89 EPS for the quarter. The company had revenue of ($0.27) million during the quarter.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a "sell (e+)" rating on shares of Chijet Motor in a research note on Monday, July 20th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Chijet Motor currently has an average rating of "Sell".
Get Our Latest Stock 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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