Gevo Inc. (GEVO) Shoves Into Positive Zone; Pacific Drilling (PACD) Highly Volatile Session
Shares of Gevo, Inc. (Nasdaq:GEVO) skyrocketed more than 80% in the extended session Tuesday after Alaska Air Group, Inc.‘s (NYSE:ALK) Alaska Airlines said that the first two commercial flights using Gevo’s renewable alcohol to jet fuel flew from Seattle, WA to San Francisco, CA and Washington, D.C., adding that it expects a significant decrease in greenhouse gas emissions on the biofuel-powered flights
GEVO stock closed the regular session at $0.603, up $0.202 (or +50.45%) and 44,921,991 of its shares changed hands during the day
Gevo, a renewable chemicals and biofuels company, has 38.13M Shares Outstanding and GEVO stock 52-week range is from $0.22 to $4.36 per share. At close on Tuesday, the company had a Market Capitalization of $23.00M
The price of Pacific Drilling S.A. (NYSE:PACD) stock soared to touch the $11.56 mark in intraday trading Tuesday, finally closing at $7.90, up $1.81 (or +29.72%) with a total volume of 2,963,808 shares traded, representing a large increase in activity versus its average volume (3m) of 182,003.
There appears to be no relevant recent information from the company in the street that may explain the stock’s rally. After the closing bell, the company said that it has resumed compliance with the NYSE’s continued listing requirements.
Pacific Drilling, which operates as an offshore drilling contractor, has 21.12M Shares Outstanding, Market Capitalization (intraday) of $166.86M and PACD stock one-year range is between $3.00 and $39.60 per share
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