VERB 6/16/2023

Certainly! Here’s the latest information on SES AI Corporation (SES):

• Stock Price: As of the most recent close, SES AI Corporation (SES) is trading at $1.71 per share1.
• Market Cap: The company’s market capitalization stands at approximately $596.34 million1.
• Performance Outlook:
  • Short Term (2 weeks to 6 weeks): Bullish pattern detected.
  • Mid Term (6 weeks to 9 months): Positive outlook.
  • Long Term (9 months and beyond): Optimistic1.
• Recent News & Updates:
  • Chief Science Officer notified intention to sell stock.
  • SES AI Corporation reported Q4, 2023 results on February 26, 2024.
  • Rohit Makharia resigned as President and Chief Strategy Officer2.
• Business Focus:
  • SES AI Corporation is a global leader in the development and manufacturing of high-performance lithium metal batteries for electric vehicles, urban air mobility, and other advanced applications1.
• Fair Value Estimate:
  • The fair value represents the appropriate price for the shares of a company based on its earnings and growth rate. It is estimated to be around $4.00 per share1.

Remember that stock prices can be volatile, and it’s essential to conduct thorough research and consider your investment goals before making any decisions. For more detailed analysis, you can explore additional resources from Yahoo Finance, Simply Wall St, The Wall Street Journal, and Google Finance1234.

 11:57a 

ET 4/20/2023 - Dow Jones

Verb Technology Shares Hit 52-Week Low After Making Short-Selling Allegations

Mentioned:

VERB

By Chris Wack 

Verb Technology Company Inc. shares were down 12% to $2.74 Thursday, one day after the company said an investigation it conducted in the past several months has produced compelling evidence identifying what it claimed was potentially unlawful short-selling of its shares by over a dozen financial services firms. 

The stock hit its 52-week low of $2.71 earlier in the session and is down 91% over the past 12 months. The stock closed Wednesday's session down 7% and started its losing streak Tuesday, after stockholders approved a 1-for-40 reverse stock split. 

On Jan. 23, the Newport Beach, Calif.-based video sales app company said it detected unusual patterns in the trading of its shares and suggested certain individuals or companies engaged in illegal trading activities. 

On Feb. 6, Verb Technology then said it hired forensic professionals to undertake a comprehensive investigation and analysis of its stock's data taken from clearing firms, broker-dealers, reporting entities and other sources. 

"We have recently been in touch with regulatory agencies that appear ready to assist us," Chairman and Chief Executive Rory J. Cutaia said. "To date, 16 financial services firms have been notified." 

Verb Technology said it would continue its investigation monitoring trading activity of its shares at these firms, and that it would identify other individuals or firms that display similar short-selling patterns. 

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

April 20, 2023 11:57 ET (15:57 GMT)
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