Today's Pre-Market Mover With Heavy Volume: Gevo (GEVO)

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Trade-Ideas LLC identified Gevo ( GEVO) as a pre-market mover with heavy volume 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 $10.2 million.
  • GEVO traded 287,717 shares today in the pre-market hours as of 8:35 AM, representing 10.3% of its average daily volume.

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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 5.56 and a short float of 9% with 0.70 days to cover. Shares are down 58.1% year-to-date as of the close of trading on Tuesday.

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