Volcon, Inc. (NASDAQ:VLCN) Major Shareholder Acquires $32,997.00 in Stock

Volcon, Inc. (NASDAQ:VLCN) major shareholder Sabby Management, Llc acquired 21,998 shares of the business’s stock in a transaction on Wednesday, August 28th. The stock was acquired at an average cost of $1.50 per share, for a total transaction of $32,997.00. Following the transaction, the insider now directly owns 761,505 shares in the company, valued at $1,142,257.50. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 Monday, August 26th, Sabby Management, Llc bought 3,194 shares of Volcon stock. The shares were bought at an average cost of $1.55 per share, with a total value of $4,950.70.
• On Friday, August 23rd, Sabby Management, Llc purchased 3,500 shares of Volcon stock. The stock was bought at an average cost of $1.55 per share, for a total transaction of $5,425.00.
• On Wednesday, August 21st, Sabby Management, Llc acquired 17,757 shares of Volcon stock. The shares were bought 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 stock was bought at an average price of $1.59 per share, for a total transaction of $8,053.35.
• On Friday, August 16th, Sabby Management, Llc bought 16,974 shares of Volcon stock. The shares were bought at an average cost of $1.43 per share, for a total transaction of $24,272.82.
• On Wednesday, August 14th, Sabby Management, Llc acquired 20,158 shares of Volcon stock. The stock was purchased at an average cost of $1.62 per share, for a total transaction of $32,655.96.
• On Monday, August 12th, Sabby Management, Llc bought 6,087 shares of Volcon stock. The shares were purchased at an average cost of $1.64 per share, with a total value of $9,982.68.
• On Friday, August 9th, Sabby Management, Llc purchased 7,116 shares of Volcon stock. The shares were purchased at an average cost of $1.64 per share, for a total transaction of $11,670.24.
• On Wednesday, August 7th, Sabby Management, Llc acquired 43,756 shares of Volcon stock. The stock was purchased at an average price of $1.76 per share, with a total value 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.

Volcon Stock Performance

NASDAQ:VLCN opened at $1.46 on Friday. The firm has a 50-day simple moving average of $2.82 and a 200-day simple moving average of $31.37. Volcon, Inc. has a one year low of $1.41 and a one year high of $14,598.00.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Volcon stock. Virtu Financial LLC acquired a new stake in shares of Volcon, Inc. (NASDAQ:VLCN) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 46,647 shares of the company’s stock, valued at approximately $32,000. Virtu Financial LLC owned approximately 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.