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 $45,277 were sold by Sullivan Francine on Aug 12 ’24. At $3.60 per share, Sullivan Francine sold 12,584 shares. The insider’s holdings dropped to 117,327 shares worth approximately $0.99 million following the completion of this transaction.
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Also, KISH DENNIS G sold 16,414 shares, netting a total of over 59,102 in proceeds. Following the sale of shares at $3.60 each, the insider now holds 47,614 shares.
Before that, KISH DENNIS G had added 16,414 shares to its account. In a trade valued at $60,075, the Officer bought EVgo Inc shares for $3.66 each.
As published in a research note from UBS on October 10, 2024, EVgo Inc [EVGO] has been rated up from a Neutral to a Buy and the price target has been revised to $8.50 from $4. Analysts at TD Cowen upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early October. As of October 03, 2024, JP Morgan has increased its “Neutral” rating to a “an Overweight” for EVGO. Earlier on July 22, 2024, UBS initiated its rating. Their recommendation was “a Neutral” for EVGO stock.
Analyzing EVGO Stock Performance
During the last five days, there has been a surge of approximately 19.69%. Over the course of the year, EVgo Inc shares have jumped approximately 136.03%. Shares of the company reached a 52-week high of $8.48 on 10/16/24 and a 52-week low of $1.65 on 04/25/24. A 50-day SMA is recorded $4.68, while a 200-day SMA reached $3.06. Nevertheless, trading volume fell to 7.97 million shares from 4.62 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 7.85, which, if violated, would cause prices to drop to 7.26. In the upper region, resistance lies at 8.76. The next price resistance is at 9.08. RSI (Relative Strength Index) is 78.53 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.58, which suggests the price will increase in the coming days. Percent R is at 0.64%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
