Gogoro Inc’s recently made public that its Officer Peng Ming-I acquired Company’s shares for reported $14109.0 on Sep 10 ’24. In the deal valued at $1.10 per share,12,826 shares were bought.
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Then, Peng Ming-I bought 133,923 shares, generating $175,439 in total proceeds.
Citigroup downgraded its Gogoro Inc [GGR] rating to a Neutral from a a Buy in a research note published on November 15, 2024; the price target was decreased to $0.50 from $2.30. A number of analysts have revised their coverage, including The Benchmark Company’s analysts, who decreased its forecast for the stock in mid August from “a Buy” to “a Hold”. JP Morgan also remained covering GGR and has increased its forecast on December 13, 2023 with a “Neutral” recommendation from previously “an Underweight” rating. JP Morgan started covering the stock on September 20, 2022. It rated GGR as “an Underweight”.
Price Performance Review of GGR
On Friday, Gogoro Inc [NASDAQ:GGR] saw its stock fall -5.88% to $0.60. Over the last five days, the stock has lost -10.43%. Gogoro Inc shares have fallen nearly -76.74% since the year began. Nevertheless, the stocks have fallen -76.19% over the past one year. While a 52-week high of $2.69 was reached on 01/02/24, a 52-week low of $0.40 was recorded on 11/06/24. SMA at 50 days reached $0.5436, while 200 days put it at $1.1750.
Levels Of Support And Resistance For GGR Stock
The 24-hour chart illustrates a support level at 0.5835, which if violated will result in even more drops to 0.5668. On the upside, there is a resistance level at 0.6334. A further resistance level may holdings at 0.6666. The Relative Strength Index (RSI) on the 14-day chart is 53.12, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0092, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 49.09%. Stochastics %K at 62.58% indicates the stock is a holding.
How much short interest is there in Gogoro Inc?
A steep rise in short interest was recorded in Gogoro Inc stocks on 2024-10-31, dropping by -0.42 million shares to a total of 2.94 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.36 million shares. There was a decline of -14.44%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on June 09, 2022 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $8.60 price target.
