Gevo (GEVO) has risen sharply, recording gains of 4.29% in the past 4 weeks. However, the stock has corrected -2.87% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 3.89% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Gevo, Inc. is up 65% in the last 3-month period. Year-to-Date the stock performance stands at -14.84%. The stock has recorded a 20-day Moving Average of 8.97% and the 50-Day Moving Average is 7.27%.
Gevo (NASDAQ:GEVO): The stock opened at $0.55 on Friday but the bulls could not build on the opening and the stock topped out at $0.55 for the day. The stock traded down to $0.53 during the day, due to lack of any buying support eventually closed down at $0.53 with a loss of -1.49% for the day. The stock had closed at $0.54 on the previous day. The total traded volume was 2,376,031 shares.
Gevo, Inc. (Gevo) is a renewable chemicals and biofuels company. The Compnay is focused on the development and commercialization of alternatives to petroleum-based products based on isobutanol produced from renewable feedstocks. The Company operates through two segments: the Gevo, Inc. and the Gevo Development/Agri-Energy. The Gevo, Inc. segment is responsible for all research and development activities related to the production of isobutanol, including the development of its biocatalysts, the production and sale of biojet fuel. The Gevo Development/Agri-Energy Segment is responsible for the operation of its Agri-Energy Facility and the production of ethanol, isobutanol and related products.