ChargePoint Holdings Inc’s recently made public that its President and CEO Wilmer Richard unloaded Company’s shares for reported $36790.0 on Sep 23 ’24. In the deal valued at $1.35 per share,27,252 shares were sold. As a result of this transaction, Wilmer Richard now holds 2,304,489 shares worth roughly $3.27 million.
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Then, Singh Jagdeep CA sold 13,361 shares, generating $18,037 in total proceeds. Upon selling the shares at $1.35, the CCXO now owns 873,004 shares.
Before that, Khetani Mansi sold 23,409 shares. ChargePoint Holdings Inc shares valued at $31,602 were divested by the CFO at a price of $1.35 per share. As a result of the transaction, Khetani Mansi now holds 849,084 shares, worth roughly $1.21 million.
JP Morgan downgraded its ChargePoint Holdings Inc [CHPT] rating to an Underweight from a an Overweight in a research note published recently. TD Cowen also remained covering CHPT and has decreased its forecast on September 05, 2024 with a “Hold” recommendation from previously “Buy” rating. Goldman revised its rating on April 09, 2024. It rated CHPT as “a Sell” which previously was an “a Neutral”.
Price Performance Review of CHPT
On Friday, ChargePoint Holdings Inc [NYSE:CHPT] saw its stock jump 4.41% to $1.42. Over the last five days, the stock has gained 3.65%. ChargePoint Holdings Inc shares have fallen nearly -39.32% since the year began. Nevertheless, the stocks have fallen -67.73% over the past one year. While a 52-week high of $4.62 was reached on 07/17/24, a 52-week low of $1.21 was recorded on 04/22/24. SMA at 50 days reached $1.6352, while 200 days put it at $1.7931.
Levels Of Support And Resistance For CHPT Stock
The 24-hour chart illustrates a support level at 1.3733, which if violated will result in even more drops to 1.3267. On the upside, there is a resistance level at 1.4533. A further resistance level may holdings at 1.4867. The Relative Strength Index (RSI) on the 14-day chart is 47.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0202, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.72%. Stochastics %K at 28.74% indicates the stock is a holding.
How much short interest is there in ChargePoint Holdings Inc?
A steep rise in short interest was recorded in ChargePoint Holdings Inc stocks on 2024-09-13, growing by 10.98 million shares to a total of 114.27 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 103.29 million shares. There was a rise of 9.61%, which implies that there is a positive sentiment for the stock.
