Why Gevo Stock Was Bouncing Up and Down Today
Shares of Gevo (NASDAQ: GEVO) were all over the place today as the stock opened down sharply this morning before surging and then pulling back. The news driving the movement was a business update explaining the company's capital position and plans with its Net-Zero 1 project, though investors didn't seem to know what to make of the news.
The stock was down as much as 12.9% this morning before jumping to a 12.5% gain. As of 3:33 p.m. EST, however, those gains had faded and shares were down 7.7%.
A Gevo biofuel plant. Image source: Gevo.
Source Fool.com
