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A company insider recently sold 1,400 shares of EVgo Inc [EVGO]. Should You also Consider to Sale?

EVgo Inc’s recent filing unveils that its Chief Legal Officer Sullivan Francine unloaded Company’s shares for reported $3340.0 on Mar 19 ’24. In the deal valued at $2.39 per share,1,400 shares were sold. As a result of this transaction, Sullivan Francine now holds 88,897 shares worth roughly $0.17 million.

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Then, Shevorenkova Olga sold 750 shares, generating $1,824 in total proceeds. Upon selling the shares at $2.43, the Chief Financial Officer now owns 81,241 shares.

Before that, KISH DENNIS G sold 34,717 shares. EVgo Inc shares valued at $104,151 were divested by the President at a price of $3.00 per share. As a result of the transaction, KISH DENNIS G now holds 0 shares, worth roughly $0.0.

Cantor Fitzgerald upgraded its EVgo Inc [EVGO] rating to an Overweight from a a Neutral in a research note published on May 09, 2024; the price target was decreased to $4 from $5. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who increased its forecast for the stock in early March from “a Sector perform” to “an Outperform”. Cantor Fitzgerald also remained covering EVGO and has decreased its forecast on March 07, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. TD Cowen revised its rating on October 25, 2023. It rated EVGO as “a Market perform” which previously was an “an Outperform”.

Price Performance Review of EVGO

On Monday, EVgo Inc [NASDAQ:EVGO] saw its stock jump 4.84% to $1.95. Over the last five days, the stock has lost -2.01%. EVgo Inc shares have fallen nearly -45.53% since the year began. Nevertheless, the stocks have fallen -67.23% over the past one year. While a 52-week high of $6.01 was reached on 01/02/24, a 52-week low of $1.65 was recorded on 04/25/24. SMA at 50 days reached $2.1792, while 200 days put it at $2.9392. A total of 3.56 million shares were traded, compared to the trading of 4.08 million shares in the previous session.

Levels Of Support And Resistance For EVGO Stock

The 24-hour chart illustrates a support level at 1.8600, which if violated will result in even more drops to 1.7700. On the upside, there is a resistance level at 2.0400. A further resistance level may holdings at 2.1300. The Relative Strength Index (RSI) on the 14-day chart is 49.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0762, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 30.23%. Stochastics %K at 65.89% indicates the stock is a holding.

The most recent change occurred on September 08, 2023 when RBC Capital Mkts began covering the stock and recommended ‘”a Sector perform”‘ rating along with a $5 price target.

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