Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Gogoro Inc shares valued at $14,109 were purchased by Peng Ming-I on Sep 10 ’24. At $1.10 per share, Peng Ming-I acquired 12,826 shares.
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Also, Peng Ming-I purchased 133,923 shares, netting a total of over 175,439 in proceeds.
As published in a research note from The Benchmark Company on August 19, 2024, Gogoro Inc [GGR] has been rated down from a Buy to a Hold. Analysts at JP Morgan upgraded the stock from ‘”an Underweight”‘ to ‘”a Neutral”‘ outlook in a report released in mid December. As of September 20, 2022, JP Morgan has initiated its “an Underweight” rating for GGR. Earlier on June 09, 2022, Citigroup initiated its rating. Their recommendation was “a Buy” for GGR stock.
Analyzing GGR Stock Performance
During the last five days, there has been a drop of approximately -14.51%. Over the course of the year, Gogoro Inc shares have dropped approximately -77.13%. Shares of the company reached a 52-week high of $2.5900 on 01/02/24 and a 52-week low of $0.4800 on 09/23/24. A 50-day SMA is recorded $1.1865, while a 200-day SMA reached $1.6452. Nevertheless, trading volume fell to 6.58 million shares from 4.72 million shares the previous day.
Support And Resistance Levels for Gogoro Inc (GGR)
According to the 24-hour chart, there is a support level at 0.5280, which, if violated, would cause prices to drop to 0.4659. In the upper region, resistance lies at 0.6341. The next price resistance is at 0.6781. RSI (Relative Strength Index) is 23.05 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.2757, which suggests the price will decrease in the coming days. Percent R is at 83.33%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
