Gevo Inc’s recently made public that its Chief Mktg Cust & Brnd Officer Shafer Andrew unloaded Company’s shares for reported $30723.0 on Dec 26 ’23. In the deal valued at $1.23 per share,24,978 shares were sold. As a result of this transaction, Shafer Andrew now holds 156,841 shares worth roughly $95673.01.
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Then, Nurmat Alisher K sold 586 shares, generating $627 in total proceeds. Upon selling the shares at $1.07, the VP Accounting and Treasurer now owns 104,919 shares.
Before that, Gruber Patrick R. sold 171,549 shares. Gevo Inc shares valued at $236,395 were divested by the Chief Executive Officer at a price of $1.38 per share. As a result of the transaction, Gruber Patrick R. now holds 2,963,646 shares, worth roughly $1.81 million.
Northland Capital initiated its Gevo Inc [GEVO] rating to a Market perform in a research note published on August 21, 2023; the price target was $2. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in mid December with a ‘”a Neutral”‘ rating. Jefferies began covering GEVO with “Hold” recommendation on October 19, 2022. Citigroup started covering the stock on February 09, 2022. It rated GEVO as “a Buy”.
Price Performance Review of GEVO
On Tuesday, Gevo Inc [NASDAQ:GEVO] saw its stock fall -2.80% to $0.61. Over the last five days, the stock has lost -7.88%. Gevo Inc shares have fallen nearly -47.59% since the year began. Nevertheless, the stocks have fallen -60.52% over the past one year. While a 52-week high of $1.86 was reached on 01/02/24, a 52-week low of $0.62 was recorded on 03/26/24. SMA at 50 days reached $0.8339, while 200 days put it at $1.1919. A total of 7.45 million shares were traded, compared to the trading of 7.33 million shares in the previous session.
Levels Of Support And Resistance For GEVO Stock
The 24-hour chart illustrates a support level at 0.5933, which if violated will result in even more drops to 0.5785. On the upside, there is a resistance level at 0.6305. A further resistance level may holdings at 0.6529. The Relative Strength Index (RSI) on the 14-day chart is 30.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0691, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.18%. Stochastics %K at 1.84% indicates the stock is a buying.
How much short interest is there in Gevo Inc?
A steep rise in short interest was recorded in Gevo Inc stocks on Feb 29, 2024, dropping by -0.55 million shares to a total of 28.89 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 29.44 million shares. There was a decline of -1.9%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 15.81% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.61.
The most recent change occurred on August 24, 2021 when Stifel began covering the stock and recommended ‘”a Buy”‘ rating along with a $10 price target.
