The drop in SES AI's stock price today appears to be influenced by a significant sell-off by Temasek Holdings, a major shareholder. Over the past few days, Temasek unloaded a substantial portion of its shares, totaling over $630,000 in value between September 19 and 20, 2024. These sales were part of a broader pattern, with Temasek reducing its stake across multiple transactions, likely leading to downward pressure on the stock [oai_citation:3,Temasek Holdings Reduces Stake in SES AI Corp](https://au.finance.yahoo.com/news/temasek-holdings-reduces-stake-ses-061651840.html) [oai_citation:2,Holdings (Private) Ltd Temasek Sells 253,119 Shares of SES AI Co. (NYSE:SES) Stock](https://www.marketbeat.com/instant-alerts/nyse-ses-insider-buying-and-selling-2024-09-23/).
Investors often react negatively when a major stakeholder reduces its position, as it may signal a lack of confidence in the short-term performance of the company. Additionally, SES AI has been facing challenges, such as missing earnings expectations and navigating uncertainties in the market [oai_citation:1,Holdings (Private) Ltd Temasek Sells 253,119 Shares of SES AI Co. (NYSE:SES) Stock](https://www.marketbeat.com/instant-alerts/nyse-ses-insider-buying-and-selling-2024-09-23/).
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