CBAK Energy Technology Inc (CBAK) CEO Yunfei Li Buys 746,018 Shares
CBAK Energy Technology Inc (NASDAQ:CBAK) CEO Yunfei Li purchased 746,018 shares of the company’s stock in a transaction that occurred on Wednesday, May 31st. The stock was bought at an average cost of $1.50 per share, for a total transaction of $1,119,027.00. Following the purchase, the chief executive officer now directly owns 3,926,018 shares in the company, valued at approximately $5,889,027. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
CBAK Energy Technology Inc (NASDAQ CBAK) remained flat at $1.35 during midday trading on Friday. 39,247 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $1.37 and its 200 day moving average is $1.44. The firm’s market capitalization is $26.46 million. CBAK Energy Technology Inc has a 52 week low of $1.20 and a 52 week high of $3.33.
TRADEMARK VIOLATION NOTICE: This article was originally published by American Banking News and is owned by of American Banking News. If you are viewing this article on another domain, it was copied illegally and republished in violation of international trademark & copyright legislation. The original version of this article can be accessed at https://www.americanbankingnews.com/2017/06/02/cbak-energy-technology-inc-cbak-ceo-yunfei-li-buys-746018-shares.html.
CBAK Energy Technology Company Profile
CBAK Energy Technology, Inc, formerly China BAK Battery, Inc, is a holding company. The Company and its subsidiaries are engaged in the manufacture, commercialization and distribution of a range of standard and customized lithium ion (Li-ion) rechargeable batteries for use in an array of applications.
Receive News & Ratings for CBAK Energy Technology Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CBAK Energy Technology Inc and related companies with MarketBeat.com's FREE daily email newsletter.