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Evertec Inc [EVTC] Investment Appeal on the Rise

Evertec Inc’s recently made public that its Executive Vice President Vizcarrondo Miguel unloaded Company’s shares for reported $1.36 million on Aug 29 ’24. In the deal valued at $34.11 per share,40,000 shares were sold. As a result of this transaction, Vizcarrondo Miguel now holds 129,928 shares worth roughly $4.29 million.

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Then, Perez-Surillo Paola sold 18,253 shares, generating $623,114 in total proceeds. Upon selling the shares at $34.14, the Executive Vice President now owns 36,558 shares.

Before that, MIGUEL VIZCARRONDO bought 40,000 shares. Evertec Inc shares valued at $1,364,256 were divested by the Officer at a price of $34.11 per share.

Susquehanna downgraded its Evertec Inc [EVTC] rating to a Negative from a a Neutral in a research note published on September 05, 2024; the price target was decreased to $28 from $38. A number of analysts have revised their coverage, including Susquehanna’s analysts, who decreased its forecast for the stock in late January from “a Positive” to “a Neutral”. Morgan Stanley also remained covering EVTC and has decreased its forecast on March 09, 2021 with a “an Underweight” recommendation from previously “an Equal-weight” rating. Goldman started covering the stock on July 14, 2020. It rated EVTC as “a Neutral”.

Price Performance Review of EVTC

On Monday, Evertec Inc [NYSE:EVTC] saw its stock fall -0.78% to $33.02. Over the last five days, the stock has lost -0.96%. Evertec Inc shares have fallen nearly -19.35% since the year began. Nevertheless, the stocks have fallen -6.46% over the past one year. While a 52-week high of $42.21 was reached on 02/15/24, a 52-week low of $28.76 was recorded on 07/09/24. SMA at 50 days reached $33.29, while 200 days put it at $35.98.

Levels Of Support And Resistance For EVTC Stock

The 24-hour chart illustrates a support level at 32.81, which if violated will result in even more drops to 32.60. On the upside, there is a resistance level at 33.25. A further resistance level may holdings at 33.48. The Relative Strength Index (RSI) on the 14-day chart is 45.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.73%. Stochastics %K at 37.91% indicates the stock is a holding.

How much short interest is there in Evertec Inc?

A steep rise in short interest was recorded in Evertec Inc stocks on 2024-09-30, growing by 9156.0 shares to a total of 2.55 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 2.54 million shares. There was a rise of 0.36%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on June 28, 2019 when Susquehanna began covering the stock and recommended ‘”a Positive”‘ rating along with a $36 price target.

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