Key Points
- Niraj Kumar Vovra sold 464,217 shares of Carbon Revolution (NASDAQ:CREV) on November 10 at an average of $3.00, totaling about $1.39 million and cutting his position by 68.05% to 218,000 shares.
- CREV shares opened at $2.75 the next trading day, trading within a 52-week range of $2.00–$12.75 and sitting below recent averages (50-day MA $4.36, 200-day MA $3.87).
- Separately, Wall Street Zen moved its rating on Carbon Revolution to a "hold" in a July research note.
Carbon Revolution Public Limited Company (NASDAQ:CREV - Get Free Report) major shareholder Niraj Kumar Vovra sold 464,217 shares of the business's stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $3.00, for a total transaction of $1,392,651.00. Following the completion of the transaction, the insider owned 218,000 shares in the company, valued at $654,000. The trade was a 68.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.
Carbon Revolution Public Trading Down 0.4%
Shares of CREV stock opened at $2.75 on Thursday. Carbon Revolution Public Limited Company has a fifty-two week low of $2.00 and a fifty-two week high of $12.75. The business's 50 day moving average price is $4.36 and its 200-day moving average price is $3.87.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen raised shares of Carbon Revolution Public to a "hold" rating in a research note on Friday, July 18th.
Check Out Our Latest Report on Carbon Revolution Public
About Carbon Revolution Public
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Carbon Revolution Public Limited Company manufactures and sells carbon fibre wheels to original equipment vehicle manufacturers for the automotive industry worldwide. It also provides associated engineering services; and sells tools. The company was founded in 2007 and is based in Dublin, Ireland.
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