Carbon Revolution Public (NASDAQ:CREV) Stock Price Down 1.1% – What’s Next?

by · The Markets Daily

Carbon Revolution Public Limited Company (NASDAQ:CREV – Get Free Report)’s stock price fell 1.1% on Thursday . The company traded as low as $1.65 and last traded at $1.6810. 17,476 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 121,672 shares. The stock had previously closed at $1.70.

Carbon Revolution Public Stock Down 1.8%

The company has a 50 day moving average of $3.11 and a 200 day moving average of $3.62.

Insider Buying and Selling at Carbon Revolution Public

In other news, major shareholder Niraj Kumar Vovra sold 111,654 shares of the stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $1.95, for a total transaction of $217,725.30. Following the transaction, the insider owned 57,217 shares of the company’s stock, valued at approximately $111,573.15. This trade represents a 66.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.23% of the company’s stock.

Carbon Revolution Public Company Profile

(Get Free Report)

Carbon Revolution Public Ltd. (NASDAQ: CREV) is an Australia‐based designer and manufacturer of one‐piece carbon fiber wheels for premium and performance passenger vehicles. The company’s proprietary carbon fiber winding and molding processes produce wheels that reduce unsprung mass, enhance fuel efficiency and improve handling. These advanced composite wheels are engineered to meet the stringent safety and performance standards required by leading automotive original equipment manufacturers (OEMs).

At its manufacturing facility in Geelong, Victoria, Carbon Revolution operates an automated production line that integrates carbon fiber preforms, resin infusion and high-pressure molding.

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