Genie Energy Ltd. (NYSE:GNE) Director James A. Courter sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 10th. The shares were sold at an average price of $5.78, for a total value of $28,900.00. Following the completion of the sale, the director now directly owns 386,983 shares in the company, valued at approximately $2,236,761.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Genie Energy Ltd. (NYSE:GNE) traded up 0.52% during mid-day trading on Wednesday, hitting $5.80. The stock had a trading volume of 16,808 shares. The company has a 50 day moving average price of $5.93 and a 200-day moving average price of $6.12. Genie Energy Ltd. has a one year low of $5.07 and a one year high of $10.57. The company’s market cap is $142.95 million.
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Separately, TheStreet lowered Genie Energy from a “hold” rating to a “sell” rating in a research report on Thursday, November 3rd.
About Genie Energy
Genie Energy Ltd. (Genie) owns interest in its subsidiary, Genie Energy International Corporation, which owns Genie Retail Energy and Genie Oil and Gas, Inc The Company operates through three segments: Genie Retail Energy (GRE), Afek Oil and Gas, Ltd. (Afek), and Genie Oil and Gas (GOGAS). The GRE segment operates retail energy providers (REPs), including IDT Energy, Inc and Residents Energy, Inc, and energy brokerage and marketing services.
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