Insider Selling: Gevo COO Sells 2,559 Shares of Stock (GEVO)
Gevo (NASDAQ:GEVO) COO Christopher Michael Ryan unloaded 2,559 shares of the company’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $1.81, for a total value of $4,631.79. Following the completion of the sale, the chief operating officer now directly owns 275,322 shares of the company’s stock, valued at approximately $498,333. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Gevo (NASDAQ:GEVO) traded up 2.20% during mid-day trading on Thursday, hitting $1.86. The stock had a trading volume of 461,833 shares. Gevo has a 52-week low of $1.36 and a 52-week high of $2.75. The stock has a 50-day moving average of $1.89 and a 200-day moving average of $1.88. The company’s market cap is $85.5 million.
Gevo (NASDAQ:GEVO) last released its earnings data on Tuesday, August 6th. The company reported ($0.35) earnings per share for the quarter, missing the analysts’ 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 $-1.50 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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