Everest Group Ltd’s recently made public that its Director GALTNEY WILLIAM F JR acquired Company’s shares for reported $1.0 million on Nov 04 ’24. In the deal valued at $348.64 per share,2,870 shares were bought. As a result of this transaction, GALTNEY WILLIAM F JR now holds 32,822 shares worth roughly $12.13 million.
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Then, KARMILOWICZ MIKE sold 269 shares, generating $93,741 in total proceeds. Upon selling the shares at $348.48, the EVP, Chairman Insurance now owns 12,726 shares.
Before that, Mike Karmilowicz bought 269 shares. Everest Group Ltd shares valued at $94,411 were divested by the EVP at a price of $350.97 per share.
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 Monday, Everest Group Ltd [NYSE:EG] saw its stock jump 0.31% to $369.42. Over the last five days, the stock has gained 6.23%. Everest Group Ltd shares have risen nearly 4.48% since the year began. Nevertheless, the stocks have fallen -2.83% 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 $382.62, while 200 days put it at $378.94.
Levels Of Support And Resistance For EG Stock
The 24-hour chart illustrates a support level at 366.45, which if violated will result in even more drops to 363.48. On the upside, there is a resistance level at 371.97. A further resistance level may holdings at 374.52. The Relative Strength Index (RSI) on the 14-day chart is 46.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 47.12%. Stochastics %K at 46.26% 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 2024-10-15, dropping by -0.29 million shares to a total of 0.98 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.27 million shares. There was a decline of -29.87%, which implies that there is a negative 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.
