The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Evertec Inc shares valued at $276,947 were sold by Vizcarrondo Miguel on Dec 20 ’24. At $34.09 per share, Vizcarrondo Miguel sold 8,123 shares. The insider’s holdings dropped to 113,915 shares worth approximately $3.83 million following the completion of this transaction.
Also, MIGUEL VIZCARRONDO purchased 8,123 shares, netting a total of over 276,947 in proceeds.
Before that, Vizcarrondo Miguel had sold 7,890 shares from its account. In a trade valued at $276,664, the Executive Vice President traded Evertec Inc shares for $35.07 each. Upon closing the transaction, the insider’s holdings decreased to 7,890 shares, worth approximately $4.1 million.
As published in a research note from Morgan Stanley on November 21, 2024, Evertec Inc [EVTC] has been rated up from an Underweight to an Equal-weight and the price target has been revised to $35 from $33. Analysts at Susquehanna downgraded the stock from ‘”a Neutral”‘ to ‘”a Negative”‘ outlook in a report released in early September. As of January 24, 2022, Susquehanna has decreased its “Positive” rating to a “Neutral” for EVTC. Earlier on March 09, 2021, Morgan Stanley downgraded its rating. Their new recommendation was “an Underweight” for EVTC stock which previously was a “an Equal-weight”.
Analyzing EVTC Stock Performance
During the last five days, there has been a drop of approximately -2.66%. Over the course of the year, Evertec Inc shares have dropped approximately -2.66%. Shares of the company reached a 52-week high of $34.84 on 01/06/25 and a 52-week low of $33.32 on 01/08/25. A 50-day SMA is recorded $34.70, while a 200-day SMA reached $34.66. Nevertheless, trading volume fell to 0.25 million shares from 0.46 million shares the previous day.
Support And Resistance Levels for Evertec Inc (EVTC)
According to the 24-hour chart, there is a support level at 33.33, which, if violated, would cause prices to drop to 33.05. In the upper region, resistance lies at 33.88. The next price resistance is at 34.16. RSI (Relative Strength Index) is 39.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.26, which suggests the price will decrease in the coming days. Percent R is at 75.00%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
