EVgo Inc’s recently made public that its Chief Legal Officer Sullivan Francine unloaded Company’s shares for reported $23140.0 on Jun 03 ’24. In the deal valued at $1.99 per share,11,634 shares were sold. As a result of this transaction, Sullivan Francine now holds 102,554 shares worth roughly $0.22 million.
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Then, Khan Badar bought 125,000 shares, generating $250,750 in total proceeds. Upon buying the shares at $2.01, the CEO and Director now owns 143,874 shares.
Before that, Sullivan Francine sold 1,400 shares. EVgo Inc shares valued at $3,340 were divested by the Chief Legal Officer at a price of $2.39 per share. As a result of the transaction, Sullivan Francine now holds 88,897 shares, worth roughly $0.19 million.
The Benchmark Company initiated its EVgo Inc [EVGO] rating to a Buy in a research note published on June 05, 2024; the price target was $3. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who increased its forecast for the stock in early May from “a Neutral” to “an Overweight”. RBC Capital Mkts also remained covering EVGO and has increased its forecast on March 07, 2024 with a “an Outperform” recommendation from previously “Sector perform” rating. Cantor Fitzgerald revised its rating on March 07, 2024. It rated EVGO as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of EVGO
On Monday, EVgo Inc [NASDAQ:EVGO] saw its stock jump 3.43% to $2.11. Over the last five days, the stock has gained 8.21%. EVgo Inc shares have fallen nearly -41.06% since the year began. Nevertheless, the stocks have fallen -51.49% over the past one year. While a 52-week high of $5.95 was reached on 01/02/24, a 52-week low of $1.65 was recorded on 04/25/24. SMA at 50 days reached $2.01, while 200 days put it at $2.72. A total of 1.73 million shares were traded, compared to the trading of 1.67 million shares in the previous session.
Levels Of Support And Resistance For EVGO Stock
The 24-hour chart illustrates a support level at 2.04, which if violated will result in even more drops to 1.97. On the upside, there is a resistance level at 2.15. A further resistance level may holdings at 2.20. The Relative Strength Index (RSI) on the 14-day chart is 52.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.50%. Stochastics %K at 41.39% indicates the stock is a holding.
