Gevo (GEVO) has been under a strong bear grip, hence the stock is down -18.59% 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 10.4% in the past 1 week. The stock has risen by 10.96% in the past week indicating that the buyers are active at lower levels, but the stock is down -18.7% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 1.18% and the 50-Day Moving Average is 0.44%.The 200 Day SMA reached 7.94%. Gevo, Inc. is up 41.75% in the last 3-month period. Year-to-Date the stock performance stands at -8.55%.
Gevo (NASDAQ:GEVO): After opening at $0.56, the stock dipped to an intraday low of $0.5575 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $0.604 and the buying power remained strong till the end. The stock closed at $0.567 for the day, a gain of 0.32% for the day session. The total traded volume was 4,681,836. The stocks close on the previous trading day was $0.5652.
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.