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Why Gevo Stock Just Popped 10%

TheMotleyFool

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Shares of renewable fuels company Gevo (NASDAQ: GEVO) crashed Wednesday after the company made an 8-K filing with the Securities and Exchange Commission, announcing plans to issue and sell as much as $150 million worth of new common stock "at-the-market" price. Today, however, Gevo stock suddenly rebounded 10.5% through 10:20 a.m. EST.

And the reason it did that was contained in the same Wednesday announcement.

Image source: Getty Images.

Source Fool.com

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