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A company insider recently sold 27,722 shares of ChargePoint Holdings Inc [CHPT]. Should You Sale?

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. ChargePoint Holdings Inc shares valued at $38,730 were sold by Wilmer Richard on Jun 21 ’24. At $1.40 per share, Wilmer Richard sold 27,722 shares. The insider’s holdings dropped to 2,331,740 shares worth approximately $3.78 million following the completion of this transaction.

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Also, Khetani Mansi sold 19,007 shares, netting a total of over 26,555 in proceeds. Following the sale of shares at $1.40 each, the insider now holds 402,493 shares.

Before that, Gerdes Henrik had sold 10,629 shares from its account. In a trade valued at $14,850, the Chief Accounting Officer traded ChargePoint Holdings Inc shares for $1.40 each. Upon closing the transaction, the insider’s holdings decreased to 10,629 shares, worth approximately $0.69 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 surge of approximately 15.36%. Over the course of the year, ChargePoint Holdings Inc shares have dropped approximately -30.98%. Shares of the company reached a 52-week high of $2.3700 on 02/15/24 and a 52-week low of $1.2100 on 04/22/24. A 50-day SMA is recorded $1.6194, while a 200-day SMA reached $2.2687. Nevertheless, trading volume fell to 23.28 million shares from 20.67 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 1.5200, which, if violated, would cause prices to drop to 1.3800. In the upper region, resistance lies at 1.7400. The next price resistance is at 1.8200. RSI (Relative Strength Index) is 52.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0126, which suggests the price will decrease in the coming days. Percent R is at 34.48%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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