In a filing, Essent Group Ltd revealed its SVP and CFO WEINSTOCK DAVID B unloaded Company’s shares for reported $0.13 million on Sep 18 ’24. In the deal valued at $63.59 per share,2,000 shares were sold. As a result of this transaction, WEINSTOCK DAVID B now holds 25,416 shares worth roughly $1.55 million.
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Then, WEINSTOCK DAVID B bought 2,000 shares, generating $127,179 in total proceeds.
Before that, KASMAR ROY JAMES sold 5,000 shares. Essent Group Ltd shares valued at $294,050 were divested by the Director at a price of $58.81 per share. As a result of the transaction, KASMAR ROY JAMES now holds 27,140 shares, worth roughly $1.65 million.
Keefe Bruyette upgraded its Essent Group Ltd [ESNT] rating to an Outperform from a a Mkt perform in a research note published on August 05, 2024; the price target was increased to $70 from $65. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in early April from “an Overweight” to “a Neutral”. UBS began covering ESNT with “Neutral” recommendation on December 06, 2023. Barclays started covering the stock on November 15, 2023. It rated ESNT as “an Overweight”.
Price Performance Review of ESNT
On Tuesday, Essent Group Ltd [NYSE:ESNT] saw its stock fall -0.31% to $60.90. Over the last five days, the stock has lost -2.18%. Essent Group Ltd shares have risen nearly 15.47% since the year began. Nevertheless, the stocks have risen 32.31% over the past one year. While a 52-week high of $65.33 was reached on 09/19/24, a 52-week low of $46.08 was recorded on 02/09/24. SMA at 50 days reached $63.11, while 200 days put it at $57.89.
Levels Of Support And Resistance For ESNT Stock
The 24-hour chart illustrates a support level at 60.50, which if violated will result in even more drops to 60.09. On the upside, there is a resistance level at 61.14. A further resistance level may holdings at 61.38. The Relative Strength Index (RSI) on the 14-day chart is 38.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.83, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.36%. Stochastics %K at 9.61% indicates the stock is a buying.
How much short interest is there in Essent Group Ltd?
A steep rise in short interest was recorded in Essent Group Ltd stocks on 2024-10-15, growing by 0.22 million shares to a total of 0.81 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 0.59 million shares. There was a rise of 27.5%, which implies that there is a positive sentiment for the stock.
