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

EVgo, Inc. (NASDAQ:EVGOW) traded down 1.8% during mid-day trading on Wednesday . The company traded as low as $0.51 and last traded at $0.53. 69,318 shares traded hands during trading, an increase of 6% from the average session volume of 65,102 shares. The stock had previously closed at $0.54.

EVgo Stock Performance

The firm’s fifty day moving average is $0.99 and its 200 day moving average is $0.65.

Institutional Investors Weigh In On EVgo

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

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.