KULR Technology Group (NYSEAMERICAN:KULR) Director Joanna Massey Sells 10,000 Shares

Key Points

• KULR Technology Group Director Joanna Massey sold 10,000 shares at an average price of $5.47, totaling $54,700, resulting in a 35.95% decrease in her position.
• The company's shares increased by 14.7% during mid-day trading, reaching $5.46, with a significant trading volume of over 6.6 million shares.
• Institutional investors have actively changed their stakes in KULR, with Goldman Sachs increasing its ownership by 81.4%, acquiring nearly 1 million shares valued at approximately $1.29 million.

KULR Technology Group, Inc. (NYSEAMERICAN:KULR - ) Director Joanna Massey sold 10,000 shares of KULR Technology Group stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $5.47, for a total value of $54,700.00. Following the sale, the director directly owned 17,813 shares in the company, valued at $97,437.11. The trade was a 35.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

KULR Technology Group Trading Up 14.7%

Shares of NYSEAMERICAN KULR traded up $0.70 during mid-day trading on Friday, reaching $5.46. The company had a trading volume of 6,687,268 shares, compared to its average volume of 1,578,439. The stock has a market cap of $224.46 million, a PE ratio of -9.41 and a beta of 2.05. The company has a 50-day moving average price of $4.84 and a two-hundred day moving average price of $7.67. KULR Technology Group, Inc. has a 1-year low of $2.16 and a 1-year high of $43.92.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. grew its stake in KULR Technology Group by 81.4% in the first quarter. Goldman Sachs Group Inc. now owns 977,318 shares of the company's stock valued at $1,290,000 after purchasing an additional 438,526 shares in the last quarter. Cetera Investment Advisers purchased a new position in KULR Technology Group in the first quarter valued at about $744,000. PEAK6 LLC grew its stake in KULR Technology Group by 2,585.4% in the first quarter. PEAK6 LLC now owns 440,400 shares of the company's stock valued at $581,000 after purchasing an additional 424,000 shares in the last quarter. Bulltick Wealth Management LLC purchased a new position in KULR Technology Group in the first quarter valued at about $462,000. Finally, Bank of America Corp DE grew its stake in KULR Technology Group by 23,476.3% in the fourth quarter. Bank of America Corp DE now owns 297,769 shares of the company's stock valued at $1,057,000 after purchasing an additional 296,506 shares in the last quarter. Hedge funds and other institutional investors own 21.23% of the company's stock.

About KULR Technology Group

KULR Technology Group, Inc, through its subsidiary, KULR Technology Corporation, develops and commercializes thermal management technologies for electronics, batteries, and other components applications in the United States. It provides lithium-ion battery thermal runaway shields; automated battery cell screening and test systems; cellchecks; safecases; fiber thermal interface materials; phase change material heat sinks; internal short circuit devices; and CRUX cathodes.

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