KiOR major shareholder Sells $109,176 in Stock (KIOR)
KiOR (NASDAQ:KIOR) major shareholder Stuart L. Peterson sold 94,117 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $1.16, for a total value of $109,175.72. Following the completion of the sale, the insider now directly owns 251,522 shares in the company, valued at approximately $291,766. The sale was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
KiOR (NASDAQ:KIOR) traded down 2.54% during mid-day trading on Wednesday, hitting $1.15. 161,710 shares of the company’s stock traded hands. KiOR has a 52 week low of $1.10 and a 52 week high of $6.35. The stock’s 50-day moving average is $1.35 and its 200-day moving average is $2.07. The company’s market cap is $126.6 million.
Several analysts have recently commented on the stock. Analysts at Cowen and Company downgraded shares of KiOR from an “outperform” rating to a “market perform” rating in a research note 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 on Friday, January 10th.
KiOR, Inc (NASDAQ:KIOR), is development- stage company.
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