Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Everest Group Ltd shares valued at $74,000 were sold by WILLIAMSON JAMES ALLAN on Nov 14 ’24. At $370.00 per share, WILLIAMSON JAMES ALLAN sold 200 shares. The insider’s holdings dropped to 15,009 shares worth approximately $5.38 million following the completion of this transaction.
Also, WILLIAMSON JAMES ALLAN purchased 200 shares, netting a total of over 74,000 in proceeds.
Before that, GALTNEY WILLIAM F JR had added 2,870 shares to its account. In a trade valued at $1,000,595, the Director bought Everest Group Ltd shares for $348.64 each. Upon closing the transaction, the insider’s holdings increased to 2,870 shares, worth approximately $11.77 million.
As published in a research note from Morgan Stanley on February 05, 2025, Everest Group Ltd [EG] has been rated down from an Overweight to an Equal-weight and the price target has been revised to $340 from $425. Analysts at BMO Capital Markets downgraded the stock from ‘”an Outperform”‘ to ‘”a Market perform”‘ outlook in a report released in late January. As of January 10, 2025, BMO Capital Markets has increased its “Market perform” rating to a “an Outperform” for EG. Earlier on November 26, 2024, Jefferies downgraded its rating. Their new recommendation was “a Hold” for EG stock which previously was a “a Buy”.
Analyzing EG Stock Performance
During the last five days, there has been a surge of approximately 4.38%. Over the course of the year, Everest Group Ltd shares have dropped approximately -1.05%. Shares of the company reached a 52-week high of $373.23 on 01/27/25 and a 52-week low of $327.37 on 02/11/25. A 50-day SMA is recorded $352.23, while a 200-day SMA reached $372.94.
Support And Resistance Levels for Everest Group Ltd (EG)
According to the 24-hour chart, there is a support level at 353.65, which, if violated, would cause prices to drop to 348.67. In the upper region, resistance lies at 362.67. The next price resistance is at 366.69. RSI (Relative Strength Index) is 63.34 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 12.68, which suggests the price will increase in the coming days. Percent R is at 10.43%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
