Everest Group Ltd’s recent filing unveils that its Director GRAF JOHN A acquired Company’s shares for reported $0.25 million on Feb 12 ’24. 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 $5.48 million.
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 $9.56 million.
Citigroup downgraded its Everest Group Ltd [EG] rating to a Neutral from a a Buy in a research note published on February 12, 2024; the price target was decreased to $375 from $452. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in early February from “an Overweight” to “an Equal weight”. TD Cowen began covering EG with “Market perform” recommendation on January 10, 2024. Evercore ISI started covering the stock on December 14, 2023. It rated EG as “an In-line”.
Price Performance Review of EG
On Tuesday, Everest Group Ltd [NYSE:EG] saw its stock fall -2.52% to $371.50. Over the last five days, the stock has lost -5.20%. Everest Group Ltd shares have risen nearly 5.07% since the year began. Nevertheless, the stocks have risen 2.60% over the past one year. While a 52-week high of $417.92 was reached on 04/02/24, a 52-week low of $331.08 was recorded on 02/08/24. SMA at 50 days reached $377.65, while 200 days put it at $374.31. A total of 0.31 million shares were traded, compared to the trading of 0.29 million shares in the previous session.
Levels Of Support And Resistance For EG Stock
The 24-hour chart illustrates a support level at 367.23, which if violated will result in even more drops to 362.97. On the upside, there is a resistance level at 378.27. A further resistance level may holdings at 385.04. The Relative Strength Index (RSI) on the 14-day chart is 39.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -9.82, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.32%. Stochastics %K at 8.49% indicates the stock is a buying.
How much short interest is there in Everest Group Ltd?
A steep rise in short interest was recorded in Everest Group Ltd stocks on Mar 28, 2024, dropping by -0.15 million shares to a total of 0.71 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 0.86 million shares. There was a decline of -21.35%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.14% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.97.
The most recent change occurred on September 08, 2023 when Goldman began covering the stock and recommended ‘”a Buy”‘ rating along with a $449 price target.
