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 $250,750 were purchased by Khan Badar on May 13 ’24. At $2.01 per share, Khan Badar acquired 125,000 shares. The insider’s holdings grew to 143,874 shares worth approximately $0.3 million following the completion of this transaction.
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Also, Sullivan Francine sold 1,400 shares, netting a total of over 3,340 in proceeds. Following the sale of shares at $2.39 each, the insider now holds 88,897 shares.
Before that, Shevorenkova Olga had sold 750 shares from its account. In a trade valued at $1,824, the Chief Financial Officer traded EVgo Inc shares for $2.43 each. Upon closing the transaction, the insider’s holdings decreased to 750 shares, worth approximately $0.17 million.
As published in a research note from Cantor Fitzgerald on May 09, 2024, EVgo Inc [EVGO] has been rated up from a Neutral to an Overweight and the price target has been revised to $4 from $5. Analysts at RBC Capital Mkts upgraded the stock from ‘”a Sector perform”‘ to ‘”an Outperform”‘ outlook in a report released in early March. As of March 07, 2024, Cantor Fitzgerald has decreased its “an Overweight” rating to a “Neutral” for EVGO. Earlier on October 25, 2023, TD Cowen downgraded its rating. Their new recommendation was “a Market perform” for EVGO stock which previously was a “an Outperform”.
Analyzing EVGO Stock Performance
During the last five days, there has been a drop of approximately -11.02%. Over the course of the year, EVgo Inc shares have dropped approximately -41.34%. Shares of the company reached a 52-week high of $3.52 on 01/02/24 and a 52-week low of $1.65 on 04/25/24. A 50-day SMA is recorded $2.09, while a 200-day SMA reached $2.84. Nevertheless, trading volume fell to 3.24 million shares from 3.45 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 2.03, which, if violated, would cause prices to drop to 1.95. In the upper region, resistance lies at 2.21. The next price resistance is at 2.31. RSI (Relative Strength Index) is 51.11 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.08, which suggests the price will decrease in the coming days. Percent R is at 51.95%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
