Behind the Scenes of EVgo's Latest Options Trends
Portfolio Pulse from Benzinga Insights
High-rolling investors are showing a bearish sentiment on EVgo (NASDAQ:EVGO) with 62% of options trades being bearish. The stock has seen unusual options activity, with a price range targeted between $3.0 to $6.0. Despite this, EVgo's stock price has risen by 60.76% to $6.32, and analysts have mixed ratings with an average price target of $5.5.
October 03, 2024 | 6:34 pm
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EVgo is experiencing bearish sentiment from high-rolling investors, with 62% of options trades being bearish. Despite this, the stock price has increased significantly, and analysts have mixed ratings with an average price target of $5.5.
The bearish sentiment from high-rolling investors suggests a potential short-term decline in EVgo's stock price. However, the recent price increase and mixed analyst ratings indicate uncertainty. The average analyst price target is below the current price, supporting a bearish outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100