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 $4.8 million.
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Then, Singer Roger M. bought 500 shares, generating $178,605 in total proceeds. Upon buying the shares at $357.21, the Director now owns 16,920 shares.
Before that, GRAF JOHN A bought 695 shares. Everest Group Ltd shares valued at $247,941 were divested by the Director at a price of $356.75 per share. As a result of the transaction, GRAF JOHN A now holds 14,754 shares, worth roughly $5.51 million.
Barclays initiated its Everest Group Ltd [EG] rating to an Overweight in a research note published on September 05, 2024; the price target was $527. A number of analysts have revised their coverage, including Citigroup’s analysts, who decreased its forecast for the stock in mid February from “a Buy” to “a Neutral”. Wells Fargo also remained covering EG and has decreased its forecast on February 09, 2024 with a “an Equal weight” recommendation from previously “an Overweight” rating. TD Cowen started covering the stock on January 10, 2024. It rated EG as “a Market perform”.
Price Performance Review of EG
On Tuesday, Everest Group Ltd [NYSE:EG] saw its stock jump 0.32% to $373.73. Over the last five days, the stock has lost -5.68%. Everest Group Ltd shares have risen nearly 5.70% since the year began. Nevertheless, the stocks have fallen -4.61% over the past one year. While a 52-week high of $417.92 was reached on 10/04/24, a 52-week low of $343.76 was recorded on 02/08/24. SMA at 50 days reached $381.79, while 200 days put it at $377.64.
Levels Of Support And Resistance For EG Stock
The 24-hour chart illustrates a support level at 369.17, which if violated will result in even more drops to 364.60. On the upside, there is a resistance level at 379.65. A further resistance level may holdings at 385.56. The Relative Strength Index (RSI) on the 14-day chart is 41.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.19%. Stochastics %K at 40.54% indicates the stock is a holding.
How much short interest is there in Everest Group Ltd?
A steep rise in short interest was recorded in Everest Group Ltd stocks on 2024-09-13, growing by 0.28 million shares to a total of 1.27 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 0.99 million shares. There was a rise of 22.31%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on December 14, 2023 when Evercore ISI began covering the stock and recommended ‘”an In-line”‘ rating along with a $431 price target.
