Steven Wu Increases Stake in American Battery Technology
Steven Wu, COO, purchased 102,598 shares of ABAT, boosting his stake in the company.
Key Points
- Steven Wu, COO of American Battery Technology, bought 102,598 shares on June 16, 2026.
- American Battery Technology trades at $3.05 with a market cap of $422.9 million and a 52-week range of $1.20 to $11.49.
- BlackRock and State Street also increased their positions in ABAT, with BlackRock adding 1,260,193 shares.
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Steven Wu, the Chief Operating Officer of American Battery Technology Company (NasdaqCM: ABAT), purchased 102,598 shares of the company on June 16, 2026. This insider transaction was not part of a pre-planned trading program.
Insider Buying and Selling at American Battery Technology Company
Steven Wu's recent purchase of 102,598 shares on June 16, 2026, comes after several other transactions. On June 17, 2026, he sold 55,680 shares at an average price of $3.18. Earlier, on June 15, 2026, Wu sold another 115,480 shares at $3.56 each. These transactions highlight his active involvement in trading the company's stock.
Other Institutional Activity in American Battery Technology
Several institutional investors have also been adjusting their positions in American Battery Technology. BlackRock, Inc. increased its holdings by 1,260,193 shares, resulting in a total of 10,165,446 shares valued at approximately $28.4 million. State Street Corp added 2,416,927 shares, bringing its total to 9,946,487 shares worth about $27.8 million. Vanguard Capital Management LLC initiated a position with 5,549,918 shares valued at around $15.5 million. Millennium Management LLC grew its stake by 1,246,705 shares, holding 4,427,340 shares valued at $12.4 million.
American Battery Technology Company Stock Up 18.7%
Shares of American Battery Technology traded at $3.05. The company has a market cap of approximately $422.9 million. It isn't currently profitable, resulting in no meaningful P/E ratio. The stock has seen a 52-week low of $1.20 and a high of $11.49. It has a 50-day moving average of $3.29 and a 200-day moving average of $3.89. The company's current ratio stands at 8.12, with a quick ratio of 6.91 and a debt-to-equity ratio of 0.20.
$ABAT stock price
Daily closing prices, year to date. Not investment advice.
Analysts Set New Price Targets
On April 28, 2026, Maxim Group initiated coverage on American Battery Technology with a 'buy' rating and a price target of $6.00. The overall analyst consensus for the stock is positive, with a mean target price of $6.50 based on two analyst opinions.
About American Battery Technology Company
American Battery Technology Company, headquartered in Reno, Nevada, operates in the waste management industry within the industrials sector. The company focuses on exploring resources like lithium, nickel, cobalt, and manganese for battery materials. It is also involved in developing technologies for extracting and refining these metals and recycling lithium-ion batteries. The company was formerly known as American Battery Metals Corporation and changed its name in August 2021.
Bottom Line
Steven Wu's recent purchase reflects his confidence in American Battery Technology. The company's stock has experienced significant volatility, with a wide 52-week trading range. Institutional interest remains strong, as seen by the increased holdings of major investors like BlackRock and State Street. Investors should note that this information is based on past transactions and may not represent current positions.
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