Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Evercore Inc shares valued at $6,463,163 were sold by HYMAN EDWARD S on Nov 22 ’24. At $310.52 per share, HYMAN EDWARD S sold 20,814 shares. The insider’s holdings dropped to 1,706,519 shares worth approximately $468.13 million following the completion of this transaction.
Also, HYMAN EDWARD S sold 10,855 shares, netting a total of over 3,246,622 in proceeds. Following the sale of shares at $299.09 each, the insider now holds 1,737,221 shares.
Before that, HYMAN EDWARD S had sold 9,888 shares from its account. In a trade valued at $3,057,172, the Vice Chair EVR & Chairman EISI traded Evercore Inc shares for $309.18 each. Upon closing the transaction, the insider’s holdings decreased to 9,888 shares, worth approximately $473.84 million.
As published in a research note from Keefe Bruyette on December 20, 2024, Evercore Inc [EVR] has been rated up from a Mkt perform to an Outperform and the price target has been revised to $339 from $269. Analysts at Wells Fargo started covering the stock with ‘”an Equal weight”‘ outlook in a report released in mid September. As of September 11, 2024, Goldman has increased its “Neutral” rating to a “Buy” for EVR.
Analyzing EVR Stock Performance
During the last five days, there has been a drop of approximately -1.04%. Over the course of the year, Evercore Inc shares have dropped approximately -1.04%. Shares of the company reached a 52-week high of $281.64 on 01/06/25 and a 52-week low of $267.64 on 01/07/25. A 50-day SMA is recorded $290.36, while a 200-day SMA reached $238.85. Nevertheless, trading volume fell to 0.53 million shares from 0.4 million shares the previous day.
Support And Resistance Levels for Evercore Inc (EVR)
According to the 24-hour chart, there is a support level at 272.13, which, if violated, would cause prices to drop to 269.94. In the upper region, resistance lies at 276.92. The next price resistance is at 279.51. RSI (Relative Strength Index) is 38.96 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.49, which suggests the price will decrease in the coming days. Percent R is at 63.88%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
