Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. EVgo Inc shares valued at $75,015 were sold by KISH DENNIS G on Jan 03 ’25. At $4.32 per share, KISH DENNIS G sold 17,379 shares. The insider’s holdings dropped to 13,655 shares worth approximately $56395.15 following the completion of this transaction.
Also, KISH DENNIS G purchased 17,379 shares, netting a total of over 72,992 in proceeds.
Before that, EVgo Holdings, LLC had sold 23,000,000 shares from its account. In a trade valued at $115,000,000, the 10% Owner traded EVgo Inc shares for $5.00 each. Upon closing the transaction, the insider’s holdings decreased to 23,000,000 shares, worth approximately $0.0.
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 surge of approximately 1.98%. Over the course of the year, EVgo Inc shares have jumped approximately 1.98%. Shares of the company reached a 52-week high of $4.51 on 01/07/25 and a 52-week low of $4.03 on 01/08/25. A 50-day SMA is recorded $5.80, while a 200-day SMA reached $4.06. Nevertheless, trading volume fell to 5.83 million shares from 4.01 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 3.98, which, if violated, would cause prices to drop to 3.83. In the upper region, resistance lies at 4.33. The next price resistance is at 4.53. RSI (Relative Strength Index) is 32.85 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.04, which suggests the price will decrease in the coming days. Percent R is at 77.51%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
