A company insider recently sold 98,526 shares of Gevo Inc. [GEVO]. Should You Sale?

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Gevo Inc. shares valued at $249,271 were sold by Cesarek Timothy J on Jul 07. At $2.53 per share, Cesarek Timothy J sold 98,526 shares. The insider’s holdings dropped to 773,177 shares worth approximately $2.34 million following the completion of this transaction.

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Also, Gruber Patrick R. sold 249,790 shares, netting a total of over 631,969 in proceeds. Following the sale of shares at $2.53 each, the insider now holds 2,018,127 shares.

Before that, Smull L Lynn had sold 93,924 shares from its account. In a trade valued at $237,628, the Chief Financial Officer traded Gevo Inc. shares for $2.53 each. Upon closing the transaction, the insider’s holdings decreased to 93,924 shares, worth approximately $2.19 million.

As published in their initiating research note from Citigroup on February 09, 2022, Gevo Inc. [GEVO] has been a Buy and the price target has been revised to $5. This represents a 39.4% premium over Thursday’s closing price. Analysts at Stifel started covering the stock with ‘”a Buy”‘ outlook in a report released in late August. As of September 07, 2018, H.C. Wainwright has increased its “Neutral” rating to a “Buy” for GEVO. Earlier on January 09, 2018, H.C. Wainwright downgraded its rating. Their new recommendation was “a Neutral” for GEVO stock which previously was a “a Buy”.

Analyzing GEVO’s Price Performance

On Thursday, Gevo Inc. [NASDAQ: GEVO] plunged -0.98% to $3.03. The stock’s lowest price that day was $3.00, but it reached a high of $3.105 in the same session. During the last five days, there has been a surge of approximately 8.99%. Over the course of the year, Gevo Inc. shares have dropped approximately -29.21%. Shares of the company reached a 52-week high of $5.49 on 03/22/22 and a 52-week low of $2.18 on 07/05/22. A 50-day SMA is recorded $2.88, while a 200-day SMA reached $4.20. Nevertheless, trading volume fell to 7.68 million shares from 11.64 million shares the previous day.

Support And Resistance Levels for Gevo Inc. (GEVO)

According to the 24-hour chart, there is a support level at 2.98, which, if violated, would cause prices to drop to 2.94. In the upper region, resistance lies at 3.09. The next price resistance is at 3.15. RSI (Relative Strength Index) is 58.82 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.31, which suggests the price will decrease in the coming days. Percent R is at 15.58%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

Is Gevo Inc. subject to short interest?

Stocks of Gevo Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 13.37 million shares to 53.23 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 39.86 million shares. A jump of 25.12% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.77 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.77.

Which companies own the most shares of Gevo Inc. (GEVO)?

According to SSgA Funds Management, Inc. filings, the company currently owns 23,830,761 shares, which is about 10.14% of the total GEVO shares outstanding. The investor’s shares have appreciated by 5,167,904 from its previous 13-F filing of 18662857.0 shares. With the completion of the sale transaction, BlackRock Fund Advisors’s stake is now worth $29,433,235. The Vanguard Group, Inc. acquire a 1.88% interest valued at $24.47 million while Invesco Capital Management LLC sold a -41,584 stake. A total of 200,398 shares of Gevo Inc. were sold by Geode Capital Management LLC during the quarter, and 289,627 were bought by Hwabao WP Fund Management Co., Lt. In its current portfolio, Northern Trust Investments, Inc. holds 1,819,643 shares valued at $4.28 million.

In terms of Gevo Inc. share price expectations, FactSet research, analysts set an average price target of $14.33 in the next 12 months, up nearly 422.88% from the previous closing price of $3.06. Analysts anticipate Gevo Inc. stock to reach $18.00 by 2022, with the lowest price target being $9.00. In spite of this, 3 analysts ranked Gevo Inc. stock as a Buy at the end of 2022. On January 13, 2017, Rodman & Renshaw assigned a price target of “a Buy” to the stock and reiterated coverage with a $12.


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