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 $36,000 were purchased by Bloom Paul D on Oct 17 ’24. At $2.25 per share, Bloom Paul D acquired 16,000 shares.
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Also, Bowron Kimberly T sold 16,383 shares, netting a total of over 12,408 in proceeds. Following the sale of shares at $0.76 each, the insider now holds 405,268 shares.
Before that, Bloom Paul D had sold 60,303 shares from its account. In a trade valued at $45,673, the CCO & CIO traded Gevo Inc shares for $0.76 each. Upon closing the transaction, the insider’s holdings decreased to 60,303 shares, worth approximately $2.53 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 surge of approximately 38.74%. Over the course of the year, Gevo Inc shares have jumped approximately 128.45%. Shares of the company reached a 52-week high of $3.10 on 10/17/24 and a 52-week low of $0.48 on 08/05/24. A 50-day SMA is recorded $1.22, while a 200-day SMA reached $0.85. Nevertheless, trading volume fell to 51.03 million shares from 14.34 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 2.35, which, if violated, would cause prices to drop to 2.04. In the upper region, resistance lies at 3.03. The next price resistance is at 3.40. RSI (Relative Strength Index) is 81.06 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.43, which suggests the price will decrease in the coming days. Percent R is at 27.44%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
