Evertec Inc’s recently made public that its Officer MIGUEL VIZCARRONDO acquired Company’s shares for reported $0.28 million on Dec 20 ’24. In the deal valued at $34.09 per share,8,123 shares were bought.
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Then, Vizcarrondo Miguel sold 7,890 shares, generating $276,664 in total proceeds. Upon selling the shares at $35.07, the Executive Vice President now owns 122,038 shares.
Before that, MIGUEL VIZCARRONDO bought 7,890 shares. Evertec Inc shares valued at $276,664 were divested by the Officer at a price of $35.07 per share.
Morgan Stanley upgraded its Evertec Inc [EVTC] rating to an Equal-weight from a an Underweight in a research note published on November 21, 2024; the price target was increased to $35 from $33. A number of analysts have revised their coverage, including Susquehanna’s analysts, who decreased its forecast for the stock in early September from “a Neutral” to “a Negative”. Susquehanna also remained covering EVTC and has decreased its forecast on January 24, 2022 with a “Neutral” recommendation from previously “Positive” rating. Morgan Stanley revised its rating on March 09, 2021. It rated EVTC as “an Underweight” which previously was an “an Equal-weight”.
Price Performance Review of EVTC
On Friday, Evertec Inc [NYSE:EVTC] saw its stock jump 0.03% to $33.61. Over the last five days, the stock has lost -4.35%. Evertec Inc shares have fallen nearly -17.90% since the year began. Nevertheless, the stocks have fallen -17.07% over the past one year. While a 52-week high of $42.21 was reached on 02/15/24, a 52-week low of $28.76 was recorded on 07/09/24. SMA at 50 days reached $34.42, while 200 days put it at $34.85.
Levels Of Support And Resistance For EVTC Stock
The 24-hour chart illustrates a support level at 33.06, which if violated will result in even more drops to 32.52. On the upside, there is a resistance level at 34.20. A further resistance level may holdings at 34.80. The Relative Strength Index (RSI) on the 14-day chart is 37.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.50%. Stochastics %K at 10.49% indicates the stock is a buying.
How much short interest is there in Evertec Inc?
A steep rise in short interest was recorded in Evertec Inc stocks on 2024-11-29, dropping by -0.24 million shares to a total of 2.46 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 2.7 million shares. There was a decline of -9.85%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 14, 2020 when Goldman began covering the stock and recommended ‘”a Neutral”‘ rating along with a $29 price target.
