Pedevco Corp (NYSEAMERICAN:PED)’s stock price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $0.00 and traded as low as $1.50. Pedevco shares last traded at $1.50, with a volume of 2,880 shares trading hands.
In other news, VP Moore Clark sold 26,000 shares of Pedevco stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $2.04, for a total value of $53,040.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Simon G. Kukes bought 77,037 shares of Pedevco stock in a transaction dated Monday, June 24th. The stock was acquired at an average price of $2.05 per share, with a total value of $157,925.85. The disclosure for this purchase can be found here.
Institutional investors and hedge funds have recently bought and sold shares of the company. Virtu Financial LLC purchased a new position in shares of Pedevco in the first quarter worth about $31,000. Vanguard Group Inc. increased its stake in shares of Pedevco by 18.4% in the second quarter. Vanguard Group Inc. now owns 91,437 shares of the company’s stock worth $190,000 after purchasing an additional 14,206 shares in the last quarter. Finally, BlackRock Inc. increased its stake in shares of Pedevco by 2,017.2% in the second quarter. BlackRock Inc. now owns 21,172 shares of the company’s stock worth $44,000 after purchasing an additional 20,172 shares in the last quarter.
About Pedevco (NYSEAMERICAN:PED)
PEDEVCO Corp., doing business as Pacific Energy Development, engages in the acquisition, exploration, development, and production of oil and natural gas shale plays in the United States. The company's principal asset is Denver-Julesberg (D-J) Basin asset comprising approximately 10,961 net acres located in the Weld county, Colorado.
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