Vivakor, Inc. (OTCMKTS:VIVKD – Get Free Report)’s stock price shot up 19.5% during trading on Wednesday . The company traded as high as $2.01 and last traded at $1.75. 57,610 shares changed hands during mid-day trading, an increase of 81% from the average session volume of 31,828 shares. The stock had previously closed at $1.4646.
Analyst Ratings Changes
Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Vivakor in a research report on Monday, December 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Vivakor currently has a consensus rating of “Sell”.
Check Out Our Latest Stock Report on VIVKD
Vivakor Price Performance
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Vivakor stock. Geode Capital Management LLC lifted its holdings in Vivakor, Inc. (OTCMKTS:VIVKD – Free Report) by 21.6% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 202,465 shares of the company’s stock after acquiring an additional 35,903 shares during the quarter. Geode Capital Management LLC owned 0.43% of Vivakor worth $162,000 at the end of the most recent quarter. Institutional investors own 12.31% of the company’s stock.
Vivakor Company Profile
Vivakor, Inc operates, acquires, and develops technologies and assets in the oil and gas industry and related environmental solutions in the United States and Kuwait. The company owns and operates a crude oil gathering, storage, and transportation facility in Delhi, Louisiana. It also owns a crude oil storage tank located near Colorado City, Texas. In addition, the company offers remediation of soil and the extraction of hydrocarbons, such as oil from properties contaminated by or laden with heavy crude oil and other hydrocarbon-based substances.
Further Reading
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