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EVgo (NASDAQ:EVGOW) Trading Down 10.7%

Defense World ·  Jan 19, 2023 02:31

EVgo, Inc. (NASDAQ:EVGOW – Get Rating) shares were down 10.7% during trading on Wednesday . The stock traded as low as $0.65 and last traded at $0.75. Approximately 367,334 shares were traded during trading, an increase of 271% from the average daily volume of 98,967 shares. The stock had previously closed at $0.84.

EVgo Stock Performance

The firm has a 50-day simple moving average of $1.04 and a 200 day simple moving average of $1.59.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Warberg Asset Management LLC purchased a new stake in shares of EVgo in the third quarter valued at approximately $122,000. HAP Trading LLC purchased a new stake in shares of EVgo in the first quarter valued at approximately $275,000. Privium Fund Management B.V. boosted its stake in shares of EVgo by 16.1% in the third quarter. Privium Fund Management B.V. now owns 428,118 shares of the company's stock valued at $771,000 after buying an additional 59,267 shares in the last quarter. Finally, LMR Partners LLP boosted its stake in shares of EVgo by 3.9% in the third quarter. LMR Partners LLP now owns 1,234,015 shares of the company's stock valued at $9,761,000 after buying an additional 46,568 shares in the last quarter.

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