Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. EVgo Inc shares valued at $3,340 were sold by Sullivan Francine on Mar 19 ’24. At $2.39 per share, Sullivan Francine sold 1,400 shares. The insider’s holdings dropped to 88,897 shares worth approximately $0.22 million following the completion of this transaction.
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Also, Shevorenkova Olga sold 750 shares, netting a total of over 1,824 in proceeds. Following the sale of shares at $2.43 each, the insider now holds 81,241 shares.
Before that, KISH DENNIS G had sold 34,717 shares from its account. In a trade valued at $104,151, the President traded EVgo Inc shares for $3.00 each. Upon closing the transaction, the insider’s holdings decreased to 34,717 shares, worth approximately $0.0.
As published in a research note from RBC Capital Mkts on March 07, 2024, EVgo Inc [EVGO] has been rated up from a Sector perform to an Outperform and the price target has been revised to $4 from $5. Analysts at Cantor Fitzgerald downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in early March. As of October 25, 2023, TD Cowen has decreased its “an Outperform” rating to a “Market perform” for EVGO. Earlier on September 08, 2023, RBC Capital Mkts initiated its rating. Their recommendation was “a Sector perform” for EVGO stock.
Analyzing EVGO Stock Performance
During the last five days, there has been a surge of approximately 0.41%. Over the course of the year, EVgo Inc shares have dropped approximately -31.01%. Shares of the company reached a 52-week high of $3.52 on 01/02/24 and a 52-week low of $1.93 on 02/06/24. A 50-day SMA is recorded $2.52, while a 200-day SMA reached $3.29. Nevertheless, trading volume fell to 6.1 million shares from 2.43 million shares the previous day.
Support And Resistance Levels for EVgo Inc (EVGO)
According to the 24-hour chart, there is a support level at 2.31, which, if violated, would cause prices to drop to 2.16. In the upper region, resistance lies at 2.55. The next price resistance is at 2.63. RSI (Relative Strength Index) is 47.98 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.15, which suggests the price will decrease in the coming days. Percent R is at 73.45%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is EVgo Inc subject to short interest?
Stocks of EVgo Inc saw a sharp rise in short interest on Feb 29, 2024 jumping by 10000.0 shares to 24.33 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 24.32 million shares. A jump of 0.04% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 8.76 of the overall float, the days-to-cover ratio (short ratio) jumped to 8.76.
