Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 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 $11.45 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 $0.89 million.
As published in their initiating research note from Wells Fargo on September 12, 2024, Evercore Inc [EVR] has been an Equal weight and the price target has been revised to $258. Analysts at Goldman upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid September. Earlier on January 09, 2024, UBS 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 surge of approximately 11.62%. Over the course of the year, Evercore Inc shares have jumped approximately 65.03%. Shares of the company reached a 52-week high of $282.40 on 10/17/24 and a 52-week low of $162.72 on 01/05/24. A 50-day SMA is recorded $247.08, while a 200-day SMA reached $208.66. Nevertheless, trading volume fell to 0.5 million shares from 0.29 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 279.31, which, if violated, would cause prices to drop to 276.33. In the upper region, resistance lies at 283.83. The next price resistance is at 285.37. RSI (Relative Strength Index) is 76.91 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 18.27, which suggests the price will increase in the coming days. Percent R is at 0.32%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
