Insider Selling: Carbon Revolution Public (NASDAQ:CREV) Major Shareholder Sells $1,392,651.00 in Stock

Carbon Revolution Public Limited Company (NASDAQ:CREV) major shareholder Niraj Kumar Vovra sold 464,217 shares of the stock in a transaction on Monday, November 10th. The stock was sold at an average price of $3.00, for a total value of $1,392,651.00. Following the sale, the insider directly owned 218,000 shares in the company, valued at approximately $654,000. This trade represents a 68.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Carbon Revolution Public Stock Down 0.4%

CREV stock traded down $0.01 during midday trading on Wednesday, reaching $2.75. The company had a trading volume of 13,698 shares, compared to its average volume of 324,002. The stock has a 50 day moving average price of $4.36 and a 200-day moving average price of $3.87. Carbon Revolution Public Limited Company has a 1-year low of $2.00 and a 1-year high of $12.75.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Carbon Revolution Public to a “hold” rating in a report on Friday, July 18th.

About Carbon Revolution Public

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.