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GEVO (Gevo Inc) may reap gains as insiders became active recently

In a filing, Gevo Inc revealed its Chief Cust Mkt & Brnd Officer Shafer Andrew unloaded Company’s shares for reported $63661.0 on Nov 05 ’24. In the deal valued at $2.37 per share,26,911 shares were sold. As a result of this transaction, Shafer Andrew now holds 332,430 shares worth roughly $0.48 million.

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Then, Shafer Andrew bought 26,911 shares, generating $63,779 in total proceeds.

Before that, Bloom Paul D sold 16,000 shares. Gevo Inc shares valued at $48,973 were divested by the CCO & CIO at a price of $3.06 per share. As a result of the transaction, Bloom Paul D now holds 947,882 shares, worth roughly $1.36 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 Monday, Gevo Inc [NASDAQ:GEVO] saw its stock jump 0.70% to $1.44. Over the last five days, the stock has lost -9.43%. Gevo Inc shares have risen nearly 24.14% since the year began. Nevertheless, the stocks have risen 24.14% over the past one year. While a 52-week high of $3.39 was reached on 10/22/24, a 52-week low of $0.48 was recorded on 08/05/24. SMA at 50 days reached $1.8900, while 200 days put it at $0.9965.

Levels Of Support And Resistance For GEVO Stock

The 24-hour chart illustrates a support level at 1.3900, which if violated will result in even more drops to 1.3400. On the upside, there is a resistance level at 1.5100. A further resistance level may holdings at 1.5800. The Relative Strength Index (RSI) on the 14-day chart is 36.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.4081, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.12%. Stochastics %K at 3.21% 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 2024-10-31, growing by 3.52 million shares to a total of 32.04 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 28.53 million shares. There was a rise of 10.98%, which implies that there is a positive sentiment for the stock.

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.

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