Shares of EVgo, Inc. (NASDAQ:EVGOW – Get Free Report) shot up 4.8% during mid-day trading on Monday . The company traded as high as $0.30 and last traded at $0.27. 23,423 shares were traded during mid-day trading, a decline of 68% from the average session volume of 72,906 shares. The stock had previously closed at $0.26.
EVgo Price Performance
The company has a 50-day moving average price of $0.30 and a 200 day moving average price of $0.68.
Hedge Funds Weigh In On EVgo
A number of institutional investors and hedge funds have recently made changes to their positions in EVGOW. Boothbay Fund Management LLC bought a new position in EVgo during the fourth quarter valued at $84,000. Aristeia Capital L.L.C. purchased a new stake in shares of EVgo in the 4th quarter worth $317,000. Finally, LMR Partners LLP lifted its stake in EVgo by 16.6% in the fourth quarter. LMR Partners LLP now owns 2,819,066 shares of the company’s stock worth $1,506,000 after acquiring an additional 402,331 shares during the period.
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.
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