Carbon Revolution Public (NASDAQ:CREV) Major Shareholder Niraj Kumar Vovra Sells 464,217 Shares

Carbon Revolution Public Limited Company (NASDAQ:CREV) major shareholder Niraj Kumar Vovra sold 464,217 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $3.00, for a total value of $1,392,651.00. Following the completion of the transaction, the insider directly owned 218,000 shares of the company’s stock, valued at $654,000. This represents a 68.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Carbon Revolution Public Stock Down 0.4%

NASDAQ:CREV traded down $0.01 during mid-day trading on Wednesday, hitting $2.75. 13,698 shares of the company’s stock were exchanged, compared to its average volume of 324,002. Carbon Revolution Public Limited Company has a fifty-two week low of $2.00 and a fifty-two week high of $12.75. The company has a 50 day simple moving average of $4.36 and a 200-day simple moving average of $3.87.

Wall Street Analyst Weigh In

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

Carbon Revolution Public Company Profile

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.