Insider Selling: Stuart L. Peterson Sells 112,300 Shares of KiOR Stock (KIOR)
KiOR (NASDAQ:KIOR) major shareholder Stuart L. Peterson sold 112,300 shares of KiOR stock on the open market in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $1.51, for a total transaction of $169,573.00. Following the completion of the transaction, the insider now directly owns 251,522 shares of the company’s stock, valued at approximately $379,798. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Shares of KiOR (NASDAQ:KIOR) traded down 1.95% on Thursday, hitting $1.51. The stock had a trading volume of 209,715 shares. KiOR has a 52 week low of $1.30 and a 52 week high of $6.35. The stock has a 50-day moving average of $1.60 and a 200-day moving average of $2.55. The company’s market cap is $166.2 million.
KiOR (NASDAQ:KIOR) last posted its quarterly earnings results 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 $-1.46 earnings per share for the current fiscal year.
A number of research firms have recently commented on KIOR. Analysts at Cowen and Company downgraded shares of KiOR from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday, January 14th. They now have a $1.50 price target on the stock, down previously from $8.50. 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, January 10th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $5.83.
KiOR, Inc (NASDAQ:KIOR), is development- stage company.
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