Gevo (GEVO) has been under a strong bear grip, hence the stock is down -15.59% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 5.18% in the past 1 week. The stock has risen by 5.12% in the past week indicating that the buyers are active at lower levels, but the stock is down -12.75% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 3.28% and the 50-Day Moving Average is 4.17%. Gevo, Inc. is up 104.69% in the last 3-month period. Year-to-Date the stock performance stands at -14.16%.
Gevo (NASDAQ:GEVO): stock turned positive on Friday. Though the stock opened at $0.5303, the bulls momentum made the stock top out at $0.54 level for the day. The stock recorded a low of $0.501 and closed the trading day at $0.5322, in the green by 1.27%. The total traded volume for the day was 2,087,263. The stock had closed at $0.5255 in the previous days trading.
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.