Everest Group Ltd’s recent filing unveils that its EVP, Chief Operating Officer WILLIAMSON JAMES ALLAN unloaded Company’s shares for reported $74000.0 on Nov 14 ’24. In the deal valued at $370.00 per share,200 shares were sold. As a result of this transaction, WILLIAMSON JAMES ALLAN now holds 15,009 shares worth roughly $5.84 million.
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Then, WILLIAMSON JAMES ALLAN bought 200 shares, generating $74,000 in total proceeds.
Before that, GALTNEY WILLIAM F JR bought 2,870 shares. Everest Group Ltd shares valued at $1,000,595 were divested by the Director at a price of $348.64 per share. As a result of the transaction, GALTNEY WILLIAM F JR now holds 32,822 shares, worth roughly $12.77 million.
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 Friday, Everest Group Ltd [NYSE:EG] saw its stock jump 1.00% to $389.00. Over the last five days, the stock has gained 4.76%. Everest Group Ltd shares have risen nearly 10.02% since the year began. Nevertheless, the stocks have fallen -4.66% 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 $380.76, while 200 days put it at $378.78.
Levels Of Support And Resistance For EG Stock
The 24-hour chart illustrates a support level at 386.61, which if violated will result in even more drops to 384.23. On the upside, there is a resistance level at 391.15. A further resistance level may holdings at 393.31. The Relative Strength Index (RSI) on the 14-day chart is 60.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 12.75, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.41%. Stochastics %K at 95.40% indicates the stock is a selling.
How much short interest is there in Everest Group Ltd?
A steep rise in short interest was recorded in Everest Group Ltd stocks on 2024-10-31, dropping by -0.33 million shares to a total of 0.72 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.05 million shares. There was a decline of -45.6%, 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.
