The Potential Rise in the Price of Everbridge Inc (EVBG) following insiders activity

Everbridge Inc’s recently made public that its CHIEF PRODUCT OFFICER Barney Bryan Reed unloaded Company’s shares for reported $20520.0 on Feb 05. In the deal valued at $28.11 per share,730 shares were sold. As a result of this transaction, Barney Bryan Reed now holds 17,491 shares worth roughly $0.49 million.

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Then, Brickley Patrick sold 6,360 shares, generating $144,971 in total proceeds. Upon selling the shares at $22.79, the EVP and CFO now owns 124,985 shares.

Before that, HUFF PHILLIP E sold 313 shares. Everbridge Inc shares valued at $7,135 were divested by the VP, Chief Accounting Officer at a price of $22.79 per share. As a result of the transaction, HUFF PHILLIP E now holds 11,237 shares, worth roughly $0.32 million.

Wells Fargo downgraded its Everbridge Inc [EVBG] rating to an Underweight from a an Equal weight in a research note published on Tuesday.

Price Performance Review of EVBG

On Tuesday, Everbridge Inc [NASDAQ:EVBG] saw its stock unchanged to $28.17. Over the last five days, the stock has gained 0.07%. Everbridge Inc shares have risen nearly 15.88% since the year began. Nevertheless, the stocks have fallen -11.86% over the past one year. While a 52-week high of $35.55 was reached on 02/06/24, a 52-week low of $18.50 was recorded on 01/17/24. SMA at 50 days reached $23.46, while 200 days put it at $24.07. A total of 2.55 million shares were traded, compared to the trading of 1.78 million shares in the previous session.

Levels Of Support And Resistance For EVBG Stock

The 24-hour chart illustrates a support level at 28.13, which if violated will result in even more drops to 28.09. On the upside, there is a resistance level at 28.21. A further resistance level may holdings at 28.25. The Relative Strength Index (RSI) on the 14-day chart is 78.57, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.67, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.58%. Stochastics %K at 98.48% indicates the stock is a selling.

How much short interest is there in Everbridge Inc?

A steep rise in short interest was recorded in Everbridge Inc stocks on Jan 31, 2024, growing by 0.17 million shares to a total of 1.11 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2023 was 0.94 million shares. There was a rise of 15.47%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.11% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.92.

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