Evertec Inc’s recently made public that its Director D’ANGELO FRANK G. unloaded Company’s shares for reported $0.6 million on Mar 11 ’24. In the deal valued at $37.43 per share,16,000 shares were sold. As a result of this transaction, D’ANGELO FRANK G. now holds 10,380 shares worth roughly $0.41 million.
Then, Schuessler Morgan M sold 59,514 shares, generating $2,203,506 in total proceeds. Upon selling the shares at $37.02, the President & CEO now owns 288,427 shares.
Before that, Schuessler Morgan M sold 100,000 shares. Evertec Inc shares valued at $3,719,291 were divested by the President & CEO at a price of $37.19 per share. As a result of the transaction, Schuessler Morgan M now holds 347,941 shares, worth roughly $13.71 million.
Susquehanna downgraded its Evertec Inc [EVTC] rating to a Neutral from a a Positive in a research note published on January 24, 2022; the price target was decreased to $49 from $52. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in early March from “an Equal-weight” to “an Underweight”. Goldman began covering EVTC with “Neutral” recommendation on July 14, 2020. Susquehanna started covering the stock on June 28, 2019. It rated EVTC as “a Positive”.
Price Performance Review of EVTC
On Tuesday, Evertec Inc [NYSE:EVTC] saw its stock jump 0.69% to $39.39. Over the last five days, the stock has gained 2.58%. Evertec Inc shares have fallen nearly -3.79% since the year began. Nevertheless, the stocks have risen 22.33% over the past one year. While a 52-week high of $42.21 was reached on 02/15/24, a 52-week low of $31.55 was recorded on 02/29/24. SMA at 50 days reached $39.29, while 200 days put it at $38.32. A total of 0.41 million shares were traded, compared to the trading of 0.43 million shares in the previous session.
Levels Of Support And Resistance For EVTC Stock
The 24-hour chart illustrates a support level at 39.19, which if violated will result in even more drops to 39.00. On the upside, there is a resistance level at 39.54. A further resistance level may holdings at 39.70. The Relative Strength Index (RSI) on the 14-day chart is 56.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.21%. Stochastics %K at 52.71% indicates the stock is a holding.
How much short interest is there in Evertec Inc?
A steep rise in short interest was recorded in Evertec Inc stocks on Mar 15, 2024, growing by 0.19 million shares to a total of 1.45 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 1.26 million shares. There was a rise of 13.1%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.08% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.62.
The most recent change occurred on December 07, 2018 when Keefe Bruyette began covering the stock and recommended ‘”an Outperform”‘ rating along with a $32 price target.
