Everest Group Ltd’s recent filing unveils that its Director Losquadro Geraldine unloaded Company’s shares for reported $0.38 million on May 09 ’24. In the deal valued at $380.49 per share,1,000 shares were sold. As a result of this transaction, Losquadro Geraldine now holds 12,843 shares worth roughly $5.06 million.
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Then, GRAF JOHN A bought 695 shares, generating $247,941 in total proceeds. Upon buying the shares at $356.75, the Director now owns 14,754 shares.
Before that, Singer Roger M. bought 500 shares. Everest Group Ltd shares valued at $178,605 were divested by the Director at a price of $357.21 per share. As a result of the transaction, Singer Roger M. now holds 16,920 shares, worth roughly $6.67 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 jump 1.12% to $394.16. Over the last five days, the stock has gained 4.07%. Everest Group Ltd shares have risen nearly 11.48% since the year began. Nevertheless, the stocks have risen 4.70% 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 $378.85, while 200 days put it at $377.32. A total of 0.29 million shares were traded, compared to the trading of 0.22 million shares in the previous session.
Levels Of Support And Resistance For EG Stock
The 24-hour chart illustrates a support level at 391.57, which if violated will result in even more drops to 388.98. On the upside, there is a resistance level at 395.67. A further resistance level may holdings at 397.18. The Relative Strength Index (RSI) on the 14-day chart is 65.21, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 10.58, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.38%. Stochastics %K at 94.14% indicates the stock is a selling.
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.
