Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Gevo Inc shares valued at $63,661 were sold by Shafer Andrew on Nov 05 ’24. At $2.37 per share, Shafer Andrew sold 26,911 shares. The insider’s holdings dropped to 332,430 shares worth approximately $0.63 million following the completion of this transaction.
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Also, Shafer Andrew purchased 26,911 shares, netting a total of over 63,779 in proceeds.
Before that, Bloom Paul D had sold 16,000 shares from its account. In a trade valued at $48,973, the CCO & CIO traded Gevo Inc shares for $3.06 each. Upon closing the transaction, the insider’s holdings decreased to 16,000 shares, worth approximately $1.8 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 -18.45%. Over the course of the year, Gevo Inc shares have jumped approximately 63.79%. Shares of the company reached a 52-week high of $3.3900 on 10/22/24 and a 52-week low of $0.4801 on 08/05/24. A 50-day SMA is recorded $1.7823, while a 200-day SMA reached $0.9761. Nevertheless, trading volume fell to 12.07 million shares from 17.9 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 1.7633, which, if violated, would cause prices to drop to 1.6267. In the upper region, resistance lies at 2.0033. The next price resistance is at 2.1067. RSI (Relative Strength Index) is 42.83 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.5882, which suggests the price will decrease in the coming days. Percent R is at 86.63%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
