Insider Selling: Brett Lund Unloads 6,861 Shares of Gevo Stock (GEVO)
Gevo (NASDAQ:GEVO) EVP Brett Lund sold 6,861 shares of Gevo stock on the open market in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $1.91, for a total value of $13,104.51. Following the transaction, the executive vice president now directly owns 139,381 shares in the company, valued at approximately $266,218. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Gevo (NASDAQ:GEVO) traded down 0.52% on Wednesday, hitting $1.91. The stock had a trading volume of 183,816 shares. Gevo has a one year low of $1.36 and a one year high of $2.75. The stock’s 50-day moving average is $1.87 and its 200-day moving average is $1.9. The company’s market cap is $87.8 million.
Gevo (NASDAQ:GEVO) last issued its quarterly earnings data 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. Analysts expect that Gevo will post $-1.51 EPS 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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