KiOR Major Shareholder Stuart Peterson Unloads 20,154 Shares (KIOR)
KiOR (NASDAQ:KIOR) major shareholder Stuart Peterson sold 20,154 shares of the company’s stock on the open market in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $1.76, for a total transaction of $35,471.04. Following the completion of the sale, the insider now directly owns 251,522 shares of the company’s stock, valued at approximately $442,679. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Separately, analysts at Raymond James downgraded shares of KiOR from an “outperform” rating to a “market perform” rating in a research note to investors on Friday.
KiOR (NASDAQ:KIOR) traded down 4.85% during mid-day trading on Friday, hitting $1.57. 809,573 shares of the company’s stock traded hands. KiOR has a 52 week low of $1.30 and a 52 week high of $6.68. The stock has a 50-day moving average of $1.83 and a 200-day moving average of $2.78. The company’s market cap is $172.8 million.
KiOR (NASDAQ:KIOR) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.40) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.33) by $0.07. The company had revenue of $720.00 million for the quarter, compared to the consensus estimate of $1.89 million. During the same quarter in the prior year, the company posted ($0.26) earnings per share. On average, analysts predict that KiOR will post $-1.45 earnings per share for the current fiscal year.
KiOR, Inc (NASDAQ:KIOR), is development- stage company.
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