Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Gevo Inc shares valued at $87,468 were purchased by Nurmat Alisher K on Dec 04 ’24. At $1.33 per share, Nurmat Alisher K acquired 65,766 shares.
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Also, Bowron Kimberly T sold 14,241 shares, netting a total of over 18,371 in proceeds. Following the sale of shares at $1.29 each, the insider now holds 0 shares.
Before that, Shafer Andrew had sold 26,911 shares from its account. In a trade valued at $63,661, the Chief Cust Mkt & Brnd Officer traded Gevo Inc shares for $2.37 each. Upon closing the transaction, the insider’s holdings decreased to 26,911 shares, worth approximately $0.51 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 -4.08%. Over the course of the year, Gevo Inc shares have jumped approximately 31.90%. 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 $1.9584, while a 200-day SMA reached $1.0344. Nevertheless, trading volume fell to 3.14 million shares from 3.89 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 1.4567, which, if violated, would cause prices to drop to 1.3833. In the upper region, resistance lies at 1.5867. The next price resistance is at 1.6433. RSI (Relative Strength Index) is 43.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0289, which suggests the price will decrease in the coming days. Percent R is at 48.89%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
