by | Jun 5, 2023 | Daily Trade Alerts

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.


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