ChargePoint Holdings Inc’s filing revealed that its President and CEO Wilmer Richard unloaded Company’s shares for reported $47453.0 on Mar 21 ’24. In the deal valued at $1.87 per share,25,376 shares were sold. As a result of this transaction, Wilmer Richard now holds 2,359,462 shares worth roughly $4.11 million.
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Then, Khetani Mansi sold 19,035 shares, generating $35,595 in total proceeds. Upon selling the shares at $1.87, the Interim CFO now owns 421,500 shares.
Before that, Singh Jagdeep CA sold 9,485 shares. ChargePoint Holdings Inc shares valued at $17,737 were divested by the CCXO at a price of $1.87 per share. As a result of the transaction, Singh Jagdeep CA now holds 484,503 shares, worth roughly $0.84 million.
RBC Capital Mkts downgraded its ChargePoint Holdings Inc [CHPT] rating to a Sector perform from a an Outperform in a research note published on March 06, 2024; the price target was decreased to $3 from $3.50. A number of analysts have revised their coverage, including The Benchmark Company’s analysts, who began to cover the stock in late February with a ‘”a Buy”‘ rating. B. Riley Securities also remained covering CHPT and has decreased its forecast on December 07, 2023 with a “Neutral” recommendation from previously “Buy” rating. HSBC Securities started covering the stock on December 04, 2023. It rated CHPT as “a Hold”.
Price Performance Review of CHPT
On Friday, ChargePoint Holdings Inc [NYSE:CHPT] saw its stock fall -7.94% to $1.74. Over the last five days, the stock has gained 3.57%. ChargePoint Holdings Inc shares have fallen nearly -25.64% since the year began. Nevertheless, the stocks have fallen -82.32% over the past one year. While a 52-week high of $10.71 was reached on 02/15/24, a 52-week low of $1.56 was recorded on 01/19/24. SMA at 50 days reached $1.9502, while 200 days put it at $4.4549. A total of 16.42 million shares were traded, compared to the trading of 12.82 million shares in the previous session.
Levels Of Support And Resistance For CHPT Stock
The 24-hour chart illustrates a support level at 1.6900, which if violated will result in even more drops to 1.6400. On the upside, there is a resistance level at 1.8200. A further resistance level may holdings at 1.9000. The Relative Strength Index (RSI) on the 14-day chart is 41.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0079, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.72%. Stochastics %K at 40.20% indicates the stock is a holding.
How much short interest is there in ChargePoint Holdings Inc?
A steep rise in short interest was recorded in ChargePoint Holdings Inc stocks on Feb 29, 2024, growing by 5.65 million shares to a total of 90.75 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 85.1 million shares. There was a rise of 6.23%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 23.10% of the overall stock float, the days-to-cover ratio (short ratio) rose to 7.01.
