The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. EVO Payments Inc. shares valued at $116,550 were sold by Wilson Darren on Oct 20. At $33.30 per share, Wilson Darren sold 3,500 shares. The insider’s holdings dropped to 50,941 shares worth approximately $1.71 million following the completion of this transaction.
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Also, Wilson Darren sold 3,500 shares, netting a total of over 116,305 in proceeds. Following the sale of shares at $33.23 each, the insider now holds 54,441 shares.
Before that, Wilson Darren had sold 3,500 shares from its account. In a trade valued at $117,075, the PRESIDENT, INTERNATIONAL traded EVO Payments Inc. shares for $33.45 each. Upon closing the transaction, the insider’s holdings decreased to 3,500 shares, worth approximately $1.95 million.
As published in a research note from BTIG Research on August 16, 2022, EVO Payments Inc. [EVOP] has been rated down from a Buy to a Neutral. Analysts at William Blair downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in early August. As of January 26, 2022, Citigroup has increased its “Neutral” rating to a “Buy” for EVOP. Earlier on December 22, 2021, Northcoast upgraded its rating. Their new recommendation was “a Buy” for EVOP stock which previously was a “a Neutral”.
Analyzing EVOP Stock Performance
On Thursday, EVO Payments Inc. [NASDAQ: EVOP] plunged -0.15% to $33.60. The stock’s lowest price that day was $33.57, but it reached a high of $33.775 in the same session. During the last five days, there has been a surge of approximately 0.60%. Over the course of the year, EVO Payments Inc. shares have jumped approximately 31.25%. Shares of the company reached a 52-week high of $33.86 on 08/01/22 and a 52-week low of $21.01 on 06/16/22. A 50-day SMA is recorded $33.38, while a 200-day SMA reached $26.84. Nevertheless, trading volume fell to 0.84 million shares from 0.89 million shares the previous day.
Support And Resistance Levels for EVO Payments Inc. (EVOP)
According to the 24-hour chart, there is a support level at 33.52, which, if violated, would cause prices to drop to 33.44. In the upper region, resistance lies at 33.73. The next price resistance is at 33.85. RSI (Relative Strength Index) is 64.46 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.19, which suggests the price will decrease in the coming days. Percent R is at 35.35%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is EVO Payments Inc. subject to short interest?
Stocks of EVO Payments Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 70000.0 shares to 1.3 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 1.23 million shares. A jump of 5.38% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.37 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.37.
Which companies own the most shares of EVO Payments Inc. (EVOP)?
According to Brown Advisory LLC filings, the company currently owns 5,736,806 shares, which is about 11.88% of the total EVOP shares outstanding. The investor’s shares have plunged by -453,500 from its previous 13-F filing of 6190306.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $146,839,347. Greenhouse Funds LLLP acquire a 11.94% interest valued at $97.12 million while BlackRock Fund Advisors purchased a 8,204 stake. A total of 1,195,902 shares of EVO Payments Inc. were bought by Shapiro Capital Management LLC during the quarter, and -515,434 were sold by Massachusetts Financial Services. In its current portfolio, Geneva Capital Management LLC holds 1,857,123 shares valued at $61.84 million.