Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Evercore Inc shares valued at $895,213 were sold by LaLonde Timothy Gilbert on Aug 21 ’24. At $238.72 per share, LaLonde Timothy Gilbert sold 3,750 shares. The insider’s holdings dropped to 40,563 shares worth approximately $9.4 million following the completion of this transaction.
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Also, Timothy LaLonde purchased 3,750 shares, netting a total of over 892,383 in proceeds.
Before that, Carlton Pamela G had sold 534 shares from its account. In a trade valued at $131,935, the Director traded Evercore Inc shares for $247.07 each. Upon closing the transaction, the insider’s holdings decreased to 534 shares, worth approximately $0.73 million.
As published in a research note from Goldman on September 11, 2024, Evercore Inc [EVR] has been rated up from a Neutral to a Buy and the price target has been revised to $276 from $246. As of January 09, 2024, UBS has decreased its “Buy” rating to a “Neutral” for EVR. Earlier on August 22, 2023, Goldman downgraded its rating. Their new recommendation was “a Neutral” for EVR stock which previously was a “a Buy”.
Analyzing EVR Stock Performance
During the last five days, there has been a drop of approximately -2.30%. Over the course of the year, Evercore Inc shares have jumped approximately 35.41%. Shares of the company reached a 52-week high of $254.74 on 07/31/24 and a 52-week low of $162.72 on 01/05/24. A 50-day SMA is recorded $235.28, while a 200-day SMA reached $196.21. Nevertheless, trading volume fell to 0.61 million shares from 0.27 million shares the previous day.
Support And Resistance Levels for Evercore Inc (EVR)
According to the 24-hour chart, there is a support level at 226.29, which, if violated, would cause prices to drop to 220.97. In the upper region, resistance lies at 236.82. The next price resistance is at 242.03. RSI (Relative Strength Index) is 43.97 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.13, which suggests the price will decrease in the coming days. Percent R is at 75.10%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
