EVgo Inc’s filing revealed that its Chief Legal Officer Sullivan Francine unloaded Company’s shares for reported $45277.0 on Aug 12 ’24. In the deal valued at $3.60 per share,12,584 shares were sold. As a result of this transaction, Sullivan Francine now holds 117,327 shares worth roughly $1.03 million.
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Then, KISH DENNIS G sold 16,414 shares, generating $59,102 in total proceeds. Upon selling the shares at $3.60, the President now owns 47,614 shares.
Before that, KISH DENNIS G bought 16,414 shares. EVgo Inc shares valued at $60,075 were divested by the Officer at a price of $3.66 per share.
UBS upgraded its EVgo Inc [EVGO] rating to a Buy from a a Neutral in a research note published on October 10, 2024; the price target was increased to $8.50 from $4. A number of analysts have revised their coverage, including TD Cowen’s analysts, who increased its forecast for the stock in early October from “a Hold” to “a Buy”. JP Morgan also remained covering EVGO and has increased its forecast on October 03, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. UBS started covering the stock on July 22, 2024. It rated EVGO as “a Neutral”.
Price Performance Review of EVGO
On Friday, EVgo Inc [NASDAQ:EVGO] saw its stock fall -1.45% to $8.81. Over the last five days, the stock has gained 6.66%. EVgo Inc shares have risen nearly 146.09% since the year began. Nevertheless, the stocks have risen 293.30% over the past one year. While a 52-week high of $8.99 was reached on 10/25/24, a 52-week low of $1.65 was recorded on 04/25/24. SMA at 50 days reached $5.35, while 200 days put it at $3.24.
Levels Of Support And Resistance For EVGO Stock
The 24-hour chart illustrates a support level at 8.62, which if violated will result in even more drops to 8.44. On the upside, there is a resistance level at 9.03. A further resistance level may holdings at 9.26. The Relative Strength Index (RSI) on the 14-day chart is 73.02, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.74, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 9.67%. Stochastics %K at 86.31% indicates the stock is a selling.
How much short interest is there in EVgo Inc?
A steep rise in short interest was recorded in EVgo Inc stocks on 2024-10-15, growing by 2.65 million shares to a total of 28.59 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 25.94 million shares. There was a rise of 9.27%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 05, 2024 when The Benchmark Company began covering the stock and recommended ‘”a Buy”‘ rating along with a $3 price target.
