Insider Selling: Gevo CEO Sells 11,356 Shares of Stock (GEVO)
Gevo (NASDAQ:GEVO) CEO Patrick R. Gruber unloaded 11,356 shares of the company’s stock on the open market in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $0.47, for a total value of $5,337.32. Following 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 document filed with the SEC, which can be accessed through this link.
Shares of Gevo (NASDAQ:GEVO) traded down 2.32% during mid-day trading on Wednesday, hitting $0.4552. 393,391 shares of the company’s stock traded hands. Gevo has a 52 week low of $0.43 and a 52 week high of $2.18. The stock’s 50-day moving average is $0.65 and its 200-day moving average is $0.99. 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) earnings per share for the quarter, missing the analysts’ 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. Analysts expect that Gevo will post $-0.75 EPS 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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