ChargePoint Holdings Inc’s recently made public that its Chief Accounting Officer Gerdes Henrik unloaded Company’s shares for reported $34700.0 on Oct 11 ’24. In the deal valued at $1.32 per share,26,288 shares were sold. As a result of this transaction, Gerdes Henrik now holds 390,596 shares worth roughly $0.48 million.
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Then, Gerdes Henrik bought 26,288 shares, generating $34,700 in total proceeds.
Before that, Wilmer Richard sold 27,252 shares. ChargePoint Holdings Inc shares valued at $36,790 were divested by the President and CEO at a price of $1.35 per share. As a result of the transaction, Wilmer Richard now holds 2,304,489 shares, worth roughly $2.86 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 3.33% to $1.24. Over the last five days, the stock has lost -2.36%. ChargePoint Holdings Inc shares have fallen nearly -47.01% since the year began. Nevertheless, the stocks have fallen -50.60% over the past one year. While a 52-week high of $3.54 was reached on 07/17/24, a 52-week low of $1.20 was recorded on 10/31/24. SMA at 50 days reached $1.4154, while 200 days put it at $1.7059.
Levels Of Support And Resistance For CHPT Stock
The 24-hour chart illustrates a support level at 1.2200, which if violated will result in even more drops to 1.2000. On the upside, there is a resistance level at 1.2600. A further resistance level may holdings at 1.2800. The Relative Strength Index (RSI) on the 14-day chart is 40.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0593, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.47%. Stochastics %K at 20.66% 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 2024-10-15, dropping by -0.82 million shares to a total of 113.45 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 114.27 million shares. There was a decline of -0.72%, which implies that there is a negative sentiment for the stock.
