Gevo (GEVO) Showing Signs Of A Dead Cat Bounce Today

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Trade-Ideas LLC identified Gevo ( GEVO) as a "dead cat bounce" (down big yesterday but up big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Gevo as such a stock due to the following factors:

  • GEVO has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $41.0 million.
  • GEVO has traded 97,530 shares today.
  • GEVO is up 5% today.
  • GEVO was down 10.8% yesterday.

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More details on GEVO:

Gevo, Inc., a renewable chemicals and biofuels company, focuses on the development and commercialization of alternatives to petroleum-based products based on isobutanol produced from renewable feedstocks. The company operates in two segments, Gevo, Inc.; and Gevo Development/Agri-Energy.

The average volume for Gevo has been 326,100 shares per day over the past 30 days. Gevo has a market cap of $23.6 million and is part of the basic materials sector and chemicals industry. The stock has a beta of 5.28 and a short float of 4.4% with 0.05 days to cover. Shares are down 58.1% year-to-date as of the close of trading on Tuesday.

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