The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Evertec Inc shares valued at $123,043 were sold by Polak Aldo J. on Jun 06 ’24. At $33.60 per share, Polak Aldo J. sold 3,662 shares. The insider’s holdings dropped to 10,076 shares worth approximately $0.32 million following the completion of this transaction.
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Also, Polak Aldo J. sold 8,258 shares, netting a total of over 280,023 in proceeds. Following the sale of shares at $33.91 each, the insider now holds 13,864 shares.
Before that, D’ANGELO FRANK G. had sold 16,000 shares from its account. In a trade valued at $598,832, the Director traded Evertec Inc shares for $37.43 each. Upon closing the transaction, the insider’s holdings decreased to 16,000 shares, worth approximately $0.33 million.
As published in a research note from Susquehanna on January 24, 2022, Evertec Inc [EVTC] has been rated down from a Positive to a Neutral and the price target has been revised to $49 from $52. Analysts at Morgan Stanley downgraded the stock from ‘”an Equal-weight”‘ to ‘”an Underweight”‘ outlook in a report released in early March. As of July 14, 2020, Goldman has initiated its “Neutral” rating for EVTC. Earlier on June 28, 2019, Susquehanna initiated its rating. Their recommendation was “a Positive” for EVTC stock.
Analyzing EVTC Stock Performance
During the last five days, there has been a drop of approximately -4.74%. Over the course of the year, Evertec Inc shares have dropped approximately -21.52%. Shares of the company reached a 52-week high of $42.21 on 02/15/24 and a 52-week low of $31.42 on 06/10/24. A 50-day SMA is recorded $35.34, while a 200-day SMA reached $37.35. Nevertheless, trading volume fell to 0.32 million shares from 0.4 million shares the previous day.
Support And Resistance Levels for Evertec Inc (EVTC)
According to the 24-hour chart, there is a support level at 32.41, which, if violated, would cause prices to drop to 32.06. In the upper region, resistance lies at 33.17. The next price resistance is at 33.58. RSI (Relative Strength Index) is 31.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.36, which suggests the price will decrease in the coming days. Percent R is at 81.76%, indicating bearish price movement. Stochastics%K at holding indicates that the stock is to be held.
