Chijet Motor (NASDAQ:DCX) Trading Down 3.1% – Here’s Why

Chijet Motor Company, Inc. (NASDAQ:DCX) fell 3.1% during trading on Monday . The company traded as low as $0.97 and last traded at $0.9983. Approximately 22,404 shares changed hands during trading, a decline of 98% from the average daily volume of 1,022,023 shares. The stock had previously closed at $1.03.

Analyst Ratings Changes

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

Chijet Motor Price Performance

The stock’s fifty day moving average is $1.10 and its 200 day moving average is $1.77.

Insider Transactions at Chijet Motor

In related news, CEO Melissa N. Chen acquired 41,000 shares of the stock in a transaction dated Thursday, July 30th. The stock was acquired at an average cost of $1.25 per share, with a total value of $51,250.00. Following the purchase, the chief executive officer directly owned 41,000 shares of the company’s stock, valued at approximately $51,250. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 22.04% of the stock is currently owned by company insiders.

About Chijet Motor

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.