Insider Buying: Volcon, Inc. (NASDAQ:VLCN) Major Shareholder Purchases $24,272.82 in Stock

Volcon, Inc. (NASDAQ:VLCN) major shareholder Sabby Management, Llc purchased 16,974 shares of Volcon stock in a transaction that occurred on Friday, August 16th. The shares were bought at an average price of $1.43 per share, for a total transaction of $24,272.82. Following the completion of the transaction, the insider now owns 728,234 shares in the company, valued at $1,041,374.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Sabby Management, Llc also recently made the following trade(s):

• On Wednesday, August 21st, Sabby Management, Llc bought 17,757 shares of Volcon stock. The shares were purchased at an average price of $1.50 per share, with a total value of $26,635.50.
• On Monday, August 19th, Sabby Management, Llc bought 5,065 shares of Volcon stock. The shares were acquired at an average price of $1.59 per share, with a total value of $8,053.35.
• On Wednesday, August 14th, Sabby Management, Llc bought 20,158 shares of Volcon stock. The shares were bought at an average cost of $1.62 per share, for a total transaction of $32,655.96.
• On Monday, August 12th, Sabby Management, Llc acquired 6,087 shares of Volcon stock. The stock was bought at an average price of $1.64 per share, with a total value of $9,982.68.
• On Friday, August 9th, Sabby Management, Llc bought 7,116 shares of Volcon stock. The stock was purchased at an average price of $1.64 per share, with a total value of $11,670.24.
• On Wednesday, August 7th, Sabby Management, Llc purchased 43,756 shares of Volcon stock. The stock was purchased at an average cost of $1.76 per share, for a total transaction of $77,010.56.
• On Monday, August 5th, Sabby Management, Llc bought 74,574 shares of Volcon stock. The shares were acquired at an average price of $1.81 per share, for a total transaction of $134,978.94.
• On Friday, August 2nd, Sabby Management, Llc purchased 40,349 shares of Volcon stock. The shares were acquired at an average cost of $1.94 per share, with a total value of $78,277.06.

Volcon Stock Performance

Shares of VLCN opened at $1.61 on Friday. Volcon, Inc. has a fifty-two week low of $1.41 and a fifty-two week high of $14,598.00. The firm’s 50-day simple moving average is $3.11 and its two-hundred day simple moving average is $43.11.

Volcon (NASDAQ:VLCN) last posted its quarterly earnings data on Tuesday, August 6th. The company reported ($1.51) earnings per share for the quarter. The company had revenue of $0.94 million during the quarter.

Institutional Trading of Volcon

An institutional investor recently bought a new position in Volcon stock. Virtu Financial LLC acquired a new position in Volcon, Inc. (NASDAQ:VLCN) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 46,647 shares of the company’s stock, valued at approximately $32,000. Virtu Financial LLC owned 0.19% of Volcon at the end of the most recent reporting period.

Volcon Company Profile

Volcon, Inc develops, manufactures, and sells electric off road powersport vehicles in the United States. It provides electric two and four-wheel motorcycles, and utility terrain vehicles through its dealers. The company also offers a line of upgrades and accessories. Its products are designed for family off-road adventures, and work on the farm and fun transport around private land applications.