Insider Selling: Gevo CEO Unloads $5,337 in Stock (GEVO)
Gevo (NASDAQ:GEVO) CEO Patrick R. Gruber sold 11,356 shares of the company’s stock on the open market in a transaction dated Monday, August 18th. The stock was sold at an average price of $0.47, for a total value of $5,337.32. Following the completion of the sale, the chief executive officer now directly owns 355,361 shares in the company, valued at approximately $167,020. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Gevo (NASDAQ:GEVO) opened at 0.4551 on Tuesday. Gevo has a one year low of $0.43 and a one year high of $2.18. The stock’s 50-day moving average is $0.66 and its 200-day moving average is $1.00. The company’s market cap is $30.9 million.
Gevo (NASDAQ:GEVO) last announced its earnings results on Wednesday, August 13th. The company reported ($0.25) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.17) by $0.08. The company had revenue of $7.70 million for the quarter, compared to the consensus estimate of $7.20 million. On average, analysts predict that Gevo will post $-0.75 earnings per share for the current fiscal year.
Gevo, Inc, is a renewable chemicals and advanced biofuels company. The Company is focused on the development and commercialization of alternatives to petroleum-based products.
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