Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. ChargePoint Holdings Inc shares valued at $34,700 were sold by Gerdes Henrik on Oct 11 ’24. At $1.32 per share, Gerdes Henrik sold 26,288 shares. The insider’s holdings dropped to 390,596 shares worth approximately $0.45 million following the completion of this transaction.
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Also, Gerdes Henrik purchased 26,288 shares, netting a total of over 34,700 in proceeds.
Before that, Wilmer Richard had sold 27,252 shares from its account. In a trade valued at $36,790, the President and CEO traded ChargePoint Holdings Inc shares for $1.35 each. Upon closing the transaction, the insider’s holdings decreased to 27,252 shares, worth approximately $2.67 million.
As published in a research note from Needham on November 19, 2024, ChargePoint Holdings Inc [CHPT] has been rated down from a Buy to a Hold. Analysts at JP Morgan downgraded the stock from ‘”an Overweight”‘ to ‘”an Underweight”‘ outlook in a report released in early October. Earlier on September 05, 2024, TD Cowen downgraded its rating. Their new recommendation was “a Hold” for CHPT stock which previously was a “a Buy”.
Analyzing CHPT Stock Performance
During the last five days, there has been a drop of approximately -10.08%. Over the course of the year, ChargePoint Holdings Inc shares have dropped approximately -50.43%. Shares of the company reached a 52-week high of $2.4400 on 07/17/24 and a 52-week low of $1.0500 on 11/21/24. A 50-day SMA is recorded $1.2356, while a 200-day SMA reached $1.5736. Nevertheless, trading volume fell to 33.47 million shares from 12.87 million shares the previous day.
Support And Resistance Levels for ChargePoint Holdings Inc (CHPT)
According to the 24-hour chart, there is a support level at 1.1000, which, if violated, would cause prices to drop to 1.0400. In the upper region, resistance lies at 1.2600. The next price resistance is at 1.3600. RSI (Relative Strength Index) is 45.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0800, which suggests the price will decrease in the coming days. Percent R is at 87.18%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
