Insider Selling: Larry Lee Aschebrook Sells 1,614 Shares of Glori Energy Stock (GLRI)
Glori Energy (NASDAQ:GLRI) Director Larry Lee Aschebrook sold 1,614 shares of the company’s stock in a transaction that occurred on Thursday, June 19th. The shares were sold at an average price of $11.30, for a total transaction of $18,238.20. Following the completion of the transaction, the director now directly owns 21,947 shares in the company, valued at approximately $248,001. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Glori Energy (NASDAQ:GLRI) opened at 11.10 on Wednesday. Glori Energy has a 52-week low of $7.51 and a 52-week high of $12.44. The stock’s 50-day moving average is $9.57 and its 200-day moving average is $8.37. The company’s market cap is $36.6 million.
Several analysts have recently commented on the stock. Analysts at Robert W. Baird reiterated an “outperform” rating on shares of Glori Energy in a research note on Friday, May 16th. They now have a $12.00 price target on the stock. Separately, analysts at Maxim Group initiated coverage on shares of Glori Energy in a research note on Thursday, May 15th. They set a “buy” rating and a $11.00 price target on the stock.
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