Insider Selling: Gevo CFO Sells 2,470 Shares of Stock (GEVO)
Gevo (NASDAQ:GEVO) CFO Mark Smith unloaded 2,470 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $1.95, for a total transaction of $4,816.50. Following the completion of the sale, the chief financial officer now directly owns 158,440 shares of the company’s stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Gevo (NASDAQ:GEVO) opened at 1.95 on Wednesday. Gevo has a one year low of $1.36 and a one year high of $3.39. The stock’s 50-day moving average is $1.87 and its 200-day moving average is $1.90. The company’s market cap is $89.6 million.
Gevo (NASDAQ:GEVO) last posted its quarterly earnings results on Tuesday, August 6th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.34) by $0.01. The company had revenue of $1.90 million for the quarter, compared to the consensus estimate of $0.78 million. During the same quarter in the previous year, the company posted ($0.62) earnings per share. The company’s revenue for the quarter was down 72.9% on a year-over-year basis. On average, analysts predict that Gevo will post $-1.51 earnings per share for the current fiscal year.
Gevo, Inc, is a renewable chemicals and advanced biofuels company. The Company is focused on the development and commercialization of alternatives to petroleum-based products.
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