Greenpower Motr (NYSE:GP) Trading Down 7.5%

Shares of Greenpower Motr (NYSE:GP) dropped 7.5% during trading on Wednesday . The company traded as low as $13.20 and last traded at $13.38. Approximately 442,200 shares were traded during mid-day trading, a decline of 46% from the average daily volume of 820,177 shares. The stock had previously closed at $14.46.

Several equities analysts have recently issued reports on GP shares. Roth Capital boosted their target price on Greenpower Motr from $23.00 to $31.00 and gave the stock a “buy” rating in a research report on Tuesday, September 1st. B. Riley started coverage on Greenpower Motr in a research report on Tuesday, September 8th. They set a “buy” rating and a $24.00 target price for the company.

In other news, CEO Fraser Atkinson acquired 5,000 shares of the firm’s stock in a transaction on Wednesday, September 16th. The shares were purchased at an average cost of $17.63 per share, with a total value of $88,150.00. Following the acquisition, the chief executive officer now directly owns 1,079,042 shares in the company, valued at approximately $19,023,510.46. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

About Greenpower Motr (NYSE:GP)

GreenPower Motor Company Inc develops, manufactures, and distributes electric vehicles for commercial markets in the United States and Canada. It offers all-electric transit, school, and charter buses. The company is based in Vancouver, Canada.

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