Volcon (NASDAQ:EMPD) Major Shareholder Acquires $937,667.61 in Stock

Volcon, Inc. (NASDAQ:EMPD) major shareholder Atg Capital Opportunities Fund purchased 190,971 shares of the company’s stock in a transaction on Thursday, January 29th. The stock was bought at an average cost of $4.91 per share, for a total transaction of $937,667.61. Following the acquisition, the insider directly owned 3,694,408 shares of the company’s stock, valued at $18,139,543.28. This represents a 5.45% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Atg Capital Opportunities Fund also recently made the following trade(s):

• On Friday, January 30th, Atg Capital Opportunities Fund bought 114,447 shares of Volcon stock. The stock was acquired at an average price of $4.82 per share, for a total transaction of $551,634.54.
• On Wednesday, January 28th, Atg Capital Opportunities Fund purchased 123,208 shares of Volcon stock. The shares were acquired at an average price of $5.09 per share, for a total transaction of $627,128.72.

Volcon Price Performance

NASDAQ:EMPD traded up $0.05 during mid-day trading on Friday, hitting $4.91. 979,952 shares of the company’s stock traded hands, compared to its average volume of 813,903. Volcon, Inc. has a 12 month low of $4.03 and a 12 month high of $80.80. The firm has a 50 day moving average of $4.68 and a two-hundred day moving average of $7.01.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Volcon in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Volcon Company Profile

Volcon, Inc (NASDAQ: EMPD) is a Texas‐based powersports company specializing in the design, development and distribution of electric off-road vehicles. Headquartered in Austin, Volcon aims to introduce zero-emission solutions to the traditionally gas-powered UTV and dirt bike markets. The company’s modular vehicle platforms blend electric drivetrains with rugged chassis designs, targeting recreational and utility riders seeking sustainable alternatives for trail, sand and farm use.

Volcon’s product lineup includes the Stag, a side-by-side utility terrain vehicle (UTV) engineered for work and play; the Grunt, an entry-level electric dirt bike offering trail-ready performance; and the Ranger, a dual-purpose e-adventure motorcycle suited for longer off-road excursions.