Insider Selling: Matthew A. Gibbs Unloads 14,173 Shares of Glori Energy Stock (GLRI)
Glori Energy (NASDAQ:GLRI) Director Matthew A. Gibbs unloaded 14,173 shares of Glori Energy stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $11.05, for a total value of $156,611.65. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Glori Energy (NASDAQ:GLRI) traded down 1.64% during mid-day trading on Thursday, hitting $10.79. 89,450 shares of the company’s stock traded hands. Glori Energy has a one year low of $7.51 and a one year high of $12.44. The stock has a 50-day moving average of $9.65 and a 200-day moving average of $8.39. The company’s market cap is $35.6 million.
GLRI has been the subject of a number of recent research reports. 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.