Large Outflow of Money Witnessed in Evercore Partners Inc

Evercore Partners Inc (EVR) : The total money flow in Evercore Partners Inc (EVR) was negative ($1.39 million), which signals selling by the traders on Fridays session. They trimmed their holdings by selling the stock on downticks to the tune of $2.45 million. In comparison, the inflow of money into the stock on upticks was $1.06 million. The uptick to downtick ratio was 0.43. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $1.23 million. The negative money flow of ($1.23 million) confirms the selling in Evercore Partners Inc (EVR) on strength. Evercore Partners Inc (EVR) gained $0.29 at $49.4, a gain of 0.58% over the previous days close. However, the stock registered -0.39% in the week.


Evercore Partners Inc (EVR) has been rated by 2 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $66 and the lowest price target forecast is $46. The average forecast of all the analysts is $56 and the expected standard deviation is $14.14.

Evercore Partners Inc (NYSE:EVR): stock turned positive on Friday. Though the stock opened at $49.29, the bulls momentum made the stock top out at $50.13 level for the day. The stock recorded a low of $49.23 and closed the trading day at $50.04, in the green by 1.89%. The total traded volume for the day was 465,042. The stock had closed at $49.11 in the previous days trading.

In a related news, Pensa Paul, officer (Contr., Principal Acct.Officer) of Evercore Partners Inc., unloaded 1,672 shares at an average price of $50.85 on May 3, 2016. The total amount of the transaction was worth $85,021, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Evercore Partners Inc. (Evercore) is an independent investment banking advisory firm. The Company operates through two business segments: Investment Banking and Investment Management. The Companys Investment Banking segment includes the Companys Advisory services, through which Evercore provides advice to clients on mergers, acquisitions, divestitures and other strategic corporate transactions, with a particular focus on advising multinational corporations and private equity firms on different transactions. The Companys Investment Management segment focuses on Institutional Asset Management, through which Evercore manages financial assets for institutional investors and provide independent fiduciary services to corporate employee benefit plans; Wealth Management, through which the Company provides wealth management services for high-net-worth individuals, and Private Equity, through which Evercore manages private equity funds.

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