After plummeting from about $8.25 to about $3.67, EVgo (EVGO) is showing signs of life. Not only did it just find support dating back to early 2023, EVGO is also over-extended on RSI, MACD, and Williams’ %R. All after the company priced a public offering of shares well below the market price of EVGO. However, EVGO’s largest shareholder – Evgo Member Holdings- bought about 5.9 million shares for $5.25 million, which, according to Barron’s, was the $4.25 per-share offering price. From a current price of $4.03, we’d like to see EVGO eventually refill its gap around $5.54.
EVgo (EVGO)
[sponsor]