EVgo Inc’s filing revealed that its Chief Executive Officer Khan Badar unloaded Company’s shares for reported $0.86 million on Nov 14 ’24. In the deal valued at $5.14 per share,166,725 shares were sold. As a result of this transaction, Khan Badar now holds 348,761 shares worth roughly $1.63 million.
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Then, Khan Badar bought 166,725 shares, generating $878,640 in total proceeds.
Before that, Sullivan Francine sold 12,584 shares. EVgo Inc shares valued at $45,277 were divested by the Chief Legal Officer at a price of $3.60 per share. As a result of the transaction, Sullivan Francine now holds 117,327 shares, worth roughly $0.55 million.
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 Tuesday, EVgo Inc [NASDAQ:EVGO] saw its stock fall -25.95% to $4.68. Over the last five days, the stock has lost -28.88%. EVgo Inc shares have risen nearly 30.73% since the year began. Nevertheless, the stocks have risen 34.10% over the past one year. While a 52-week high of $9.07 was reached on 10/25/24, a 52-week low of $1.65 was recorded on 04/25/24. SMA at 50 days reached $6.81, while 200 days put it at $3.94.
Levels Of Support And Resistance For EVGO Stock
The 24-hour chart illustrates a support level at 4.37, which if violated will result in even more drops to 4.07. On the upside, there is a resistance level at 4.96. A further resistance level may holdings at 5.25. The Relative Strength Index (RSI) on the 14-day chart is 29.74, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.21%. Stochastics %K at 22.05% indicates the stock is a holding.
How much short interest is there in EVgo Inc?
A steep rise in short interest was recorded in EVgo Inc stocks on 2024-11-29, growing by 3.17 million shares to a total of 35.87 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 32.69 million shares. There was a rise of 8.85%, 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.
