Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. ChargePoint Holdings Inc shares valued at $47,453 were sold by Wilmer Richard on Mar 21 ’24. At $1.87 per share, Wilmer Richard sold 25,376 shares. The insider’s holdings dropped to 2,359,462 shares worth approximately $3.26 million following the completion of this transaction.
Also, Khetani Mansi sold 19,035 shares, netting a total of over 35,595 in proceeds. Following the sale of shares at $1.87 each, the insider now holds 421,500 shares.
Before that, Singh Jagdeep CA had sold 9,485 shares from its account. In a trade valued at $17,737, the CCXO traded ChargePoint Holdings Inc shares for $1.87 each. Upon closing the transaction, the insider’s holdings decreased to 9,485 shares, worth approximately $0.67 million.
As published in a research note from Goldman on April 09, 2024, ChargePoint Holdings Inc [CHPT] has been rated down from a Neutral to a Sell and the price target has been revised to $1.50 from $2. Analysts at RBC Capital Mkts downgraded the stock from ‘”an Outperform”‘ to ‘”a Sector perform”‘ outlook in a report released in early March. As of February 21, 2024, The Benchmark Company has initiated its “Buy” rating for CHPT. Earlier on December 07, 2023, B. Riley Securities downgraded its rating. Their new recommendation was “a Neutral” for CHPT stock which previously was a “a Buy”.
Analyzing CHPT Stock Performance
During the last five days, there has been a drop of approximately -16.36%. Over the course of the year, ChargePoint Holdings Inc shares have dropped approximately -41.03%. Shares of the company reached a 52-week high of $2.3700 on 02/15/24 and a 52-week low of $1.3400 on 04/18/24. A 50-day SMA is recorded $1.8706, while a 200-day SMA reached $3.8374. Nevertheless, trading volume fell to 9.93 million shares from 11.61 million shares the previous day.
Support And Resistance Levels for ChargePoint Holdings Inc (CHPT)
According to the 24-hour chart, there is a support level at 1.3267, which, if violated, would cause prices to drop to 1.2733. In the upper region, resistance lies at 1.4467. The next price resistance is at 1.5133. RSI (Relative Strength Index) is 27.13 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.2476, which suggests the price will decrease in the coming days. Percent R is at 93.22%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
