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 $12,408 were sold by Bowron Kimberly T on Aug 22 ’24. At $0.76 per share, Bowron Kimberly T sold 16,383 shares. The insider’s holdings dropped to 405,268 shares worth approximately $0.3 million following the completion of this transaction.
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Also, Bloom Paul D sold 60,303 shares, netting a total of over 45,673 in proceeds. Following the sale of shares at $0.76 each, the insider now holds 953,882 shares.
Before that, Smull L Lynn had sold 69,738 shares from its account. In a trade valued at $52,820, the Chief Financial Officer traded Gevo Inc shares for $0.76 each. Upon closing the transaction, the insider’s holdings decreased to 69,738 shares, worth approximately $0.87 million.
As published in their initiating research note from Northland Capital on August 21, 2023, Gevo Inc [GEVO] has been a Market perform and the price target has been revised to $2. Analysts at UBS started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid December. As of October 19, 2022, Jefferies has initiated its “Hold” rating for GEVO. Earlier on February 09, 2022, Citigroup initiated its rating. Their recommendation was “a Buy” for GEVO stock.
Analyzing GEVO Stock Performance
During the last five days, there has been a drop of approximately -17.61%. Over the course of the year, Gevo Inc shares have dropped approximately -36.62%. Shares of the company reached a 52-week high of $1.2100 on 01/02/24 and a 52-week low of $0.4801 on 08/05/24. A 50-day SMA is recorded $0.6492, while a 200-day SMA reached $0.8013. Nevertheless, trading volume fell to 1.04 million shares from 2.33 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 0.7143, which, if violated, would cause prices to drop to 0.6933. In the upper region, resistance lies at 0.7620. The next price resistance is at 0.7887. RSI (Relative Strength Index) is 51.43 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0618, which suggests the price will decrease in the coming days. Percent R is at 78.32%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
