China BAK Battery (CBAK) Earns Daily Media Impact Rating of 0.09
News stories about China BAK Battery (NASDAQ:CBAK) have been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. China BAK Battery earned a news impact score of 0.09 on Accern’s scale. Accern also gave headlines about the electronics maker an impact score of 45.8009648446296 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Shares of China BAK Battery (NASDAQ:CBAK) opened at 1.40 on Monday. The firm’s 50-day moving average is $1.42 and its 200 day moving average is $1.37. China BAK Battery has a 1-year low of $1.20 and a 1-year high of $2.70. The stock’s market capitalization is $27.60 million.
In other China BAK Battery news, CEO Yunfei Li acquired 746,018 shares of the business’s stock in a transaction that occurred on Wednesday, May 31st. The shares were purchased at an average price of $1.50 per share, with a total value of $1,119,027.00. Following the completion of the transaction, the chief executive officer now owns 3,926,018 shares in the company, valued at $5,889,027. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 14.90% of the stock is currently owned by company insiders.
About China BAK Battery
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.
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