Insider Selling: Gevo COO Sells 2,558 Shares of Stock (GEVO)
Gevo (NASDAQ:GEVO) COO Christopher Michael Ryan sold 2,558 shares of the stock on the open market in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $1.95, for a total value of $4,988.10. Following the sale, the chief operating officer now directly owns 278,353 shares of the company’s stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Gevo (NASDAQ:GEVO) opened at 1.95 on Wednesday. Gevo has a 52 week low of $1.36 and a 52 week 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 announced its earnings results on Tuesday, August 6th. The company reported ($0.35) EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted ($0.62) earnings per share. The company’s quarterly revenue 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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