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Recent Insider Activity Could Benefit Evercore Inc (EVR)

Evercore Inc’s recently made public that its Chief Financial Officer LaLonde Timothy Gilbert unloaded Company’s shares for reported $0.9 million on Aug 21 ’24. In the deal valued at $238.72 per share,3,750 shares were sold. As a result of this transaction, LaLonde Timothy Gilbert now holds 40,563 shares worth roughly $11.18 million.

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Then, Timothy LaLonde bought 3,750 shares, generating $892,383 in total proceeds.

Before that, Carlton Pamela G sold 534 shares. Evercore Inc shares valued at $131,935 were divested by the Director at a price of $247.07 per share. As a result of the transaction, Carlton Pamela G now holds 3,146 shares, worth roughly $0.87 million.

Wells Fargo initiated its Evercore Inc [EVR] rating to an Equal weight in a research note published on September 12, 2024; the price target was $258. A number of analysts have revised their coverage, including Goldman’s analysts, who increased its forecast for the stock in mid September from “a Neutral” to “a Buy”. UBS revised its rating on January 09, 2024. It rated EVR as “a Neutral” which previously was an “a Buy”.

Price Performance Review of EVR

On Tuesday, Evercore Inc [NYSE:EVR] saw its stock fall -1.00% to $275.61. Over the last five days, the stock has gained 1.07%. Evercore Inc shares have risen nearly 61.13% since the year began. Nevertheless, the stocks have risen 112.55% over the past one year. While a 52-week high of $288.03 was reached on 10/18/24, a 52-week low of $124.53 was recorded on 01/05/24. SMA at 50 days reached $249.97, while 200 days put it at $210.39.

Levels Of Support And Resistance For EVR Stock

The 24-hour chart illustrates a support level at 273.88, which if violated will result in even more drops to 272.15. On the upside, there is a resistance level at 277.56. A further resistance level may holdings at 279.51. The Relative Strength Index (RSI) on the 14-day chart is 64.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 14.87, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 28.97%. Stochastics %K at 81.30% indicates the stock is a selling.

How much short interest is there in Evercore Inc?

A steep rise in short interest was recorded in Evercore Inc stocks on 2024-09-30, growing by 74771.0 shares to a total of 0.9 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 0.83 million shares. There was a rise of 8.3%, which implies that there is a positive sentiment for the stock.

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