Everest Group Ltd (EG) rating downgrades by Citigroup

Everest Group Ltd’s recently made public that its Director GRAF JOHN A acquired Company’s shares for reported $0.25 million on Feb 12. In the deal valued at $356.75 per share,695 shares were bought. As a result of this transaction, GRAF JOHN A now holds 14,754 shares worth roughly $5.43 million.

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Then, Singer Roger M. bought 500 shares, generating $178,605 in total proceeds. Upon buying the shares at $357.21, the Director now owns 16,920 shares.

Before that, KOCIANCIC MARK bought 1,000 shares. Everest Group Ltd shares valued at $349,000 were divested by the EVP & CFO at a price of $349.00 per share. As a result of the transaction, KOCIANCIC MARK now holds 25,733 shares, worth roughly $9.47 million.

Citigroup downgraded its Everest Group Ltd [EG] rating to a Neutral from a a Buy in a research note published on Tuesday, February 12, 2024; the price target was decreased to $375 from $452.

Price Performance Review of EG

On Tuesday, Everest Group Ltd [NYSE:EG] saw its stock jump 2.00% to $368.16. Over the last five days, the stock has lost -3.28%. Everest Group Ltd shares have risen nearly 4.12% since the year began. Nevertheless, the stocks have fallen -2.98% over the past one year. While a 52-week high of $417.92 was reached on 01/31/24, a 52-week low of $331.08 was recorded on 02/08/24. SMA at 50 days reached $372.46, while 200 days put it at $371.09. A total of 0.7 million shares were traded, compared to the trading of 0.41 million shares in the previous session.

Levels Of Support And Resistance For EG Stock

The 24-hour chart illustrates a support level at 362.51, which if violated will result in even more drops to 356.86. On the upside, there is a resistance level at 373.31. A further resistance level may holdings at 378.46. The Relative Strength Index (RSI) on the 14-day chart is 46.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -13.48, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 45.46%. Stochastics %K at 38.42% indicates the stock is a holding.

How much short interest is there in Everest Group Ltd?

A steep rise in short interest was recorded in Everest Group Ltd stocks on Jan 31, 2024, dropping by 620.0 shares to a total of 0.4 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2023 was 0.41 million shares. There was a decline of -0.15%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.22% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.13.

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