Chijet Motor (NASDAQ:DCX) CEO Melissa Chen Acquires 41,000 Shares of Stock

Chijet Motor Company, Inc. (NASDAQ:DCX) CEO Melissa Chen bought 41,000 shares of the firm’s stock in a transaction dated Thursday, July 30th. The shares were acquired at an average price 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 position. The acquisition was disclosed in a filing with the SEC, which is available at this link.

Chijet Motor Stock Down 8.8%

DCX opened at $0.98 on Tuesday. Chijet Motor Company, Inc. has a 52 week low of $0.63 and a 52 week high of $3,408.00. The business has a 50 day moving average price of $1.59 and a two-hundred day moving average price of $2.12.

Chijet Motor (NASDAQ:DCX) last announced its earnings results on Thursday, April 30th. The company reported $1,035.89 earnings per share for the quarter. The company had revenue of ($0.27) million during the quarter.

Analyst Upgrades and Downgrades

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, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

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.