KiOR major shareholder Stuart L. Peterson Sells 203,574 Shares (KIOR)
KiOR (NASDAQ:KIOR) major shareholder Stuart L. Peterson unloaded 203,574 shares of the company’s stock on the open market in a transaction dated Thursday, February 27th. The stock was sold at an average price of $1.35, for a total transaction of $274,824.90. Following the completion of the transaction, the insider now directly owns 251,522 shares in the company, valued at approximately $339,555. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
KiOR (NASDAQ:KIOR) traded up 30.43% on Thursday, hitting $1.50. The stock had a trading volume of 6,120,256 shares. KiOR has a 1-year low of $1.10 and a 1-year high of $6.35. The stock has a 50-day moving average of $1.28 and a 200-day moving average of $1.95. The company’s market cap is $165.1 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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