The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. 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 $0.16 million following the completion of this transaction.
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 drop of approximately -14.56%. Over the course of the year, EVgo Inc shares have dropped approximately -50.84%. Shares of the company reached a 52-week high of $3.5196 on 01/02/24 and a 52-week low of $1.7600 on 04/18/24. A 50-day SMA is recorded $2.4091, while a 200-day SMA reached $3.1439. Nevertheless, trading volume fell to 2.28 million shares from 1.63 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 1.7300, which, if violated, would cause prices to drop to 1.7000. In the upper region, resistance lies at 1.8200. The next price resistance is at 1.8800. RSI (Relative Strength Index) is 27.71 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.2488, which suggests the price will decrease in the coming days. Percent R is at 100.00%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
