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Insider Selling: KING CHARLES L, Evergy Inc [EVRG] SVP & CHIEF TECHNOLOGY OFFICER divested 2,300 shares

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Evergy Inc shares valued at $150,008 were sold by KING CHARLES L on Nov 27 ’24. At $65.22 per share, KING CHARLES L sold 2,300 shares. The insider’s holdings dropped to 14,634 shares worth approximately $0.9 million following the completion of this transaction.

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Also, Charles Lynn King purchased 2,300 shares, netting a total of over 149,132 in proceeds.

Before that, Bryant Kevin E. had sold 48,141 shares from its account. In a trade valued at $3,029,552, the EVP – CORPORATE INITIATIVES traded Evergy Inc shares for $62.93 each. Upon closing the transaction, the insider’s holdings decreased to 48,141 shares, worth approximately $61.75.

As published in their initiating research note from Mizuho on October 29, 2024, Evergy Inc [EVRG] has been an Outperform and the price target has been revised to $67. Analysts at Jefferies started covering the stock with ‘”a Buy”‘ outlook in a report released in mid September. As of April 04, 2024, Ladenburg Thalmann has initiated its “Neutral” rating for EVRG. Earlier on March 26, 2024, Citigroup initiated its rating. Their recommendation was “a Buy” for EVRG stock.

Analyzing EVRG Stock Performance

During the last five days, there has been a surge of approximately 0.41%. Over the course of the year, Evergy Inc shares have jumped approximately 18.30%. Shares of the company reached a 52-week high of $65.47 on 11/27/24 and a 52-week low of $48.04 on 02/08/24. A 50-day SMA is recorded $62.20, while a 200-day SMA reached $57.30. Nevertheless, trading volume fell to 0.5 million shares from 1.19 million shares the previous day.

Support And Resistance Levels for Evergy Inc (EVRG)

According to the 24-hour chart, there is a support level at 61.26, which, if violated, would cause prices to drop to 60.78. In the upper region, resistance lies at 62.00. The next price resistance is at 62.26. RSI (Relative Strength Index) is 45.61 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.35, which suggests the price will decrease in the coming days. Percent R is at 57.54%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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