EVgo (NASDAQ:EVGOW) Stock Price Down 1.8% – Time to Sell?

EVgo, Inc. (NASDAQ:EVGOW)’s stock price dropped 1.8% during trading on Wednesday . The company traded as low as $0.51 and last traded at $0.53. Approximately 69,318 shares changed hands during trading, an increase of 6% from the average daily volume of 65,102 shares. The stock had previously closed at $0.54.

EVgo Stock Down 1.8 %

The firm’s fifty day moving average is $1.02 and its 200 day moving average is $0.65.

Institutional Inflows and Outflows

An institutional investor recently raised its position in EVgo stock. Wolverine Asset Management LLC lifted its stake in shares of EVgo, Inc. (NASDAQ:EVGOW) by 37.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 88,242 shares of the company’s stock after acquiring an additional 24,091 shares during the period. Wolverine Asset Management LLC’s holdings in EVgo were worth $28,000 as of its most recent filing with the Securities & Exchange Commission.

EVgo Company Profile

EVgo, Inc owns and operates a direct current fast charging network for electric vehicles (EVs) in the United States. The company offers electricity directly to drivers, who access its publicly available networked chargers; original equipment manufacturer charging and related services; fleet and rideshare public charging services; and charging as a service and fleet dedicated charging services.