255 V. Ug Haftungsbes Bambino Sells 20,091 Shares of Sono Group (NASDAQ:SSM) Stock

Sono Group N.V. (NASDAQ:SSM) major shareholder 255 V. Ug Haftungsbes Bambino sold 20,091 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $3.24, for a total value of $65,094.84. Following the completion of the sale, the insider directly owned 157,326 shares in the company, valued at approximately $509,736.24. This represents a 11.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Sono Group Stock Performance

SSM opened at $2.60 on Friday. Sono Group N.V. has a 1 year low of $2.37 and a 1 year high of $27.73.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings assumed coverage on shares of Sono Group in a research report on Friday, August 7th. They set a “sell (d-)” rating for the company. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Sono Group presently has an average rating of “Sell”.

About Sono Group

Sono Group N.V. was a German mobility technology company focused on developing solar-powered transportation solutions. Through its Sono Motors business, the company worked on integrating solar technology into electric vehicles to supplement battery power and help reduce energy consumption and emissions.

Its principal project was the Sion, a planned battery-electric passenger vehicle equipped with solar panels integrated into its body. Sono also developed solar integration systems for commercial vehicles, including buses, trucks, trailers and other fleet applications, allowing existing or newly manufactured vehicles to generate supplementary electricity from sunlight.

The company was founded by Jona Christians and Laurin Hahn and was headquartered in Munich, Germany.