Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. EVgo Inc shares valued at $115,000,000 were sold by Nanus David on Dec 18 ’24. At $5.00 per share, Nanus David sold 23,000,000 shares. The insider’s holdings dropped to 5,882,352 shares worth approximately $25.12 million following the completion of this transaction.
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Also, Khan Badar sold 166,725 shares, netting a total of over 856,233 in proceeds. Following the sale of shares at $5.14 each, the insider now holds 348,761 shares.
Before that, Khan Badar had added 166,725 shares to its account. In a trade valued at $878,640, the Officer bought EVgo Inc shares for $5.27 each.
As published in a research note from UBS on October 10, 2024, EVgo Inc [EVGO] has been rated up from a Neutral to a Buy and the price target has been revised to $8.50 from $4. Analysts at TD Cowen upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early October. As of October 03, 2024, JP Morgan has increased its “Neutral” rating to a “an Overweight” for EVGO. Earlier on July 22, 2024, UBS initiated its rating. Their recommendation was “a Neutral” for EVGO stock.
Analyzing EVGO Stock Performance
During the last five days, there has been a drop of approximately -9.19%. Over the course of the year, EVgo Inc shares have jumped approximately 18.72%. Shares of the company reached a 52-week high of $9.07 on 10/25/24 and a 52-week low of $1.65 on 04/25/24. A 50-day SMA is recorded $6.54, while a 200-day SMA reached $3.98. Nevertheless, trading volume fell to 2.89 million shares from 4.31 million shares the previous day.
Support And Resistance Levels for EVgo Inc (EVGO)
According to the 24-hour chart, there is a support level at 4.20, which, if violated, would cause prices to drop to 4.12. In the upper region, resistance lies at 4.33. The next price resistance is at 4.38. RSI (Relative Strength Index) is 27.54 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.22, which suggests the price will decrease in the coming days. Percent R is at 94.74%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
