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 $454.28 million.
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 $459.82 million.
Keefe Bruyette upgraded its Evercore Inc [EVR] rating to an Outperform from a a Mkt perform in a research note published on December 20, 2024; the price target was increased to $339 from $269. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in mid September with a ‘”an Equal weight”‘ rating. Goldman also remained covering EVR and has increased its forecast on September 11, 2024 with a “Buy” recommendation from previously “Neutral” rating.
Price Performance Review of EVR
On Tuesday, Evercore Inc [NYSE:EVR] saw its stock jump 2.05% to $266.20. Over the last five days, the stock has lost -4.54%. Evercore Inc shares have fallen nearly -3.96% since the year began. Nevertheless, the stocks have risen 59.30% over the past one year. While a 52-week high of $324.06 was reached on 01/06/25, a 52-week low of $165.07 was recorded on 01/10/25. SMA at 50 days reached $290.33, while 200 days put it at $239.93.
Levels Of Support And Resistance For EVR Stock
The 24-hour chart illustrates a support level at 262.70, which if violated will result in even more drops to 259.19. On the upside, there is a resistance level at 268.57. A further resistance level may holdings at 270.93. The Relative Strength Index (RSI) on the 14-day chart is 36.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -11.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.72%. Stochastics %K at 23.19% 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 2024-12-31, dropping by -0.19 million shares to a total of 0.63 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 0.82 million shares. There was a decline of -30.25%, which implies that there is a negative sentiment for the stock.
