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Keeping an Eye on Evercore Inc (EVR) After Insider Trading Activity

Evercore Inc’s filing revealed that its Vice Chair EVR & Chairman EISI HYMAN EDWARD S unloaded Company’s shares for reported $6.46 million on Nov 22 ’24. In the deal valued at $310.52 per share,20,814 shares were sold. As a result of this transaction, HYMAN EDWARD S now holds 1,706,519 shares worth roughly $531.32 million.

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Then, HYMAN EDWARD S sold 10,855 shares, generating $3,246,622 in total proceeds. Upon selling the shares at $299.09, the Vice Chair EVR & Chairman EISI now owns 1,737,221 shares.

Before that, HYMAN EDWARD S sold 9,888 shares. Evercore Inc shares valued at $3,057,172 were divested by the Vice Chair EVR & Chairman EISI at a price of $309.18 per share. As a result of the transaction, HYMAN EDWARD S now holds 1,727,333 shares, worth roughly $537.81 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 Friday, Evercore Inc [NYSE:EVR] saw its stock jump 0.59% to $311.35. Over the last five days, the stock has gained 4.00%. Evercore Inc shares have risen nearly 82.02% since the year began. Nevertheless, the stocks have risen 113.74% over the past one year. While a 52-week high of $324.06 was reached on 11/06/24, a 52-week low of $143.40 was recorded on 01/05/24. SMA at 50 days reached $272.26, while 200 days put it at $223.61.

Levels Of Support And Resistance For EVR Stock

The 24-hour chart illustrates a support level at 308.93, which if violated will result in even more drops to 306.52. On the upside, there is a resistance level at 313.75. A further resistance level may holdings at 316.16. The Relative Strength Index (RSI) on the 14-day chart is 66.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.03, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 21.47%. Stochastics %K at 73.25% indicates the stock is a holding.

How much short interest is there in Evercore Inc?

A steep rise in short interest was recorded in Evercore Inc stocks on 2024-10-31, dropping by -0.18 million shares to a total of 0.72 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 0.9 million shares. There was a decline of -25.27%, which implies that there is a negative sentiment for the stock.

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