Insider Buying: Volcon, Inc. (NASDAQ:VLCN) Major Shareholder Purchases $14,200.00 in Stock

Volcon, Inc. (NASDAQ:VLCN) major shareholder Sabby Management, Llc acquired 10,000 shares of Volcon stock in a transaction on Friday, August 30th. The stock was acquired at an average cost of $1.42 per share, for a total transaction of $14,200.00. Following the purchase, the insider now owns 774,569 shares of the company’s stock, valued at approximately $1,099,887.98. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own 10% or more 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 28th, Sabby Management, Llc purchased 21,998 shares of Volcon stock. The stock was acquired at an average cost of $1.50 per share, with a total value of $32,997.00.
• On Monday, August 26th, Sabby Management, Llc acquired 3,194 shares of Volcon stock. The shares were bought at an average cost of $1.55 per share, for a total transaction of $4,950.70.
• On Friday, August 23rd, Sabby Management, Llc bought 3,500 shares of Volcon stock. The stock was bought at an average cost of $1.55 per share, with a total value of $5,425.00.
• On Wednesday, August 21st, Sabby Management, Llc purchased 17,757 shares of Volcon stock. The shares were bought at an average cost of $1.50 per share, for a total transaction of $26,635.50.
• On Monday, August 19th, Sabby Management, Llc acquired 5,065 shares of Volcon stock. The stock was bought at an average price of $1.59 per share, with a total value of $8,053.35.
• On Friday, August 16th, Sabby Management, Llc acquired 16,974 shares of Volcon stock. The shares were purchased at an average cost of $1.43 per share, for a total transaction of $24,272.82.
• On Wednesday, August 14th, Sabby Management, Llc bought 20,158 shares of Volcon stock. The stock was purchased at an average cost of $1.62 per share, with a total value of $32,655.96.
• On Monday, August 12th, Sabby Management, Llc purchased 6,087 shares of Volcon stock. The shares were purchased at an average cost of $1.64 per share, for a total transaction of $9,982.68.
• On Friday, August 9th, Sabby Management, Llc acquired 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 acquired 43,756 shares of Volcon stock. The shares were purchased at an average cost of $1.76 per share, with a total value of $77,010.56.

Volcon Stock Up 2.2 %

Shares of NASDAQ VLCN opened at $1.41 on Friday. Volcon, Inc. has a 1 year low of $1.30 and a 1 year high of $14,598.00. The firm’s 50-day moving average is $2.51 and its 200-day moving average is $28.69.

Volcon (NASDAQ:VLCN) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($1.51) earnings per share (EPS) for the quarter. The business 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 Volcon, Inc. (NASDAQ:VLCN) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 46,647 shares of the company’s stock, valued at approximately $32,000. Virtu Financial LLC owned about 0.19% of Volcon at the end of the most recent quarter.

About Volcon

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.