Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Evergy Inc shares valued at $550,753 were sold by Caisley Charles A. on Sep 03 ’24. At $59.63 per share, Caisley Charles A. sold 9,236 shares. The insider’s holdings dropped to 33,425 shares worth approximately $2.04 million following the completion of this transaction.
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Also, Caisley Charles A. purchased 9,236 shares, netting a total of over 550,269 in proceeds.
Before that, Humphrey Heather A had sold 3,347 shares from its account. In a trade valued at $196,809, the SVP – GEN COUNSEL, CORP SEC traded Evergy Inc shares for $58.80 each. Upon closing the transaction, the insider’s holdings decreased to 3,347 shares, worth approximately $2.16 million.
As published in their initiating research note from Ladenburg Thalmann on April 04, 2024, Evergy Inc [EVRG] has been a Neutral and the price target has been revised to $51. Analysts at Citigroup started covering the stock with ‘”a Buy”‘ outlook in a report released in late March. As of March 13, 2024, BofA Securities has increased its “Neutral” rating to a “Buy” for EVRG. Earlier on January 22, 2024, Guggenheim downgraded its rating. Their new recommendation was “a Neutral” for EVRG stock which previously was a “a Buy”.
Analyzing EVRG Stock Performance
During the last five days, there has been a surge of approximately 1.18%. Over the course of the year, Evergy Inc shares have jumped approximately 16.99%. Shares of the company reached a 52-week high of $62.24 on 09/16/24 and a 52-week low of $48.04 on 02/08/24. A 50-day SMA is recorded $58.41, while a 200-day SMA reached $53.71. Nevertheless, trading volume fell to 1.59 million shares from 1.29 million shares the previous day.
Support And Resistance Levels for Evergy Inc (EVRG)
According to the 24-hour chart, there is a support level at 60.61, which, if violated, would cause prices to drop to 60.16. In the upper region, resistance lies at 61.46. The next price resistance is at 61.86. RSI (Relative Strength Index) is 61.48 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.93, which suggests the price will decrease in the coming days. Percent R is at 32.23%, indicating low price movement. Stochastics %K at selling indicates that the stock is to be held.
