Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Gevo Inc. shares valued at $30,474 were sold by Mize Gary W. on Aug 22. At $3.08 per share, Mize Gary W. sold 9,883 shares. The insider’s holdings dropped to 154,339 shares worth approximately $0.36 million following the completion of this transaction.
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Also, Williams Geoffrey Thomas Jr. sold 18,041 shares, netting a total of over 55,629 in proceeds. Following the sale of shares at $3.08 each, the insider now holds 371,606 shares.
Before that, Bowron Kimberly T had sold 14,681 shares from its account. In a trade valued at $45,269, the Chief People Officer traded Gevo Inc. shares for $3.08 each. Upon closing the transaction, the insider’s holdings decreased to 14,681 shares, worth approximately $0.45 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 53.0% 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 -4.86% to $2.35. The stock’s lowest price that day was $2.34, but it reached a high of $2.51 in the same session. During the last five days, there has been a drop of approximately -6.00%. Over the course of the year, Gevo Inc. shares have dropped approximately -45.09%. 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 $2.92, while a 200-day SMA reached $3.59. Nevertheless, trading volume fell to 7.4 million shares from 5.97 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 2.29, which, if violated, would cause prices to drop to 2.23. In the upper region, resistance lies at 2.46. The next price resistance is at 2.57. RSI (Relative Strength Index) is 33.99 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.18, which suggests the price will decrease in the coming days. Percent R is at 98.36%, indicating bearish price movement. Stochastics %K at buying 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 35,309,857 shares, which is about 15.02% of the total GEVO shares outstanding. The investor’s shares have appreciated by 11,479,096 from its previous 13-F filing of 23830761.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $56,585,639. The Vanguard Group, Inc. acquire a 2.87% interest valued at $33.52 million while BlackRock Advisors purchased a 5,833,191 stake. A total of 5,486,831 shares of Gevo Inc. were bought by Sabby Management LLC during the quarter, and 1,276,677 were bought by Invesco Capital Management LLC. In its current portfolio, Geode Capital Management LLC holds 3,536,738 shares valued at $11.07 million.
In terms of Gevo Inc. share price expectations, FactSet research, analysts set an average price target of $12.67 in the next 12 months, up nearly 304.86% from the previous closing price of $2.47. Analysts anticipate Gevo Inc. stock to reach $18.00 by 2022, with the lowest price target being $10.00. 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.