S&P Global Inc. [SPGI] stock for 1,157,340 USD was sold by CHEUNG MARTINA

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. S&P Global Inc. shares valued at $1,157,340 were sold by CHEUNG MARTINA on Aug 11. At $385.78 per share, CHEUNG MARTINA sold 3,000 shares. The insider’s holdings dropped to 6,783 shares worth approximately $2.19 million following the completion of this transaction.

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Also, Peterson Douglas L. sold 7,500 shares, netting a total of over 2,828,475 in proceeds. Following the sale of shares at $377.13 each, the insider now holds 174,890 shares.

Before that, BERISFORD JOHN L had sold 13,450 shares from its account. In a trade valued at $4,984,406, the Executive Advisor traded S&P Global Inc. shares for $370.59 each. Upon closing the transaction, the insider’s holdings decreased to 13,450 shares, worth approximately $7.88 million.

As published in their initiating research note from Redburn on May 17, 2022, S&P Global Inc. [SPGI] has been a Buy. Analysts at Deutsche Bank started covering the stock with ‘”a Buy”‘ outlook in a report released in late March.

Analyzing SPGI’s Price Performance

On Thursday, S&P Global Inc. [NYSE: SPGI] plunged -3.74% to $322.37. The stock’s lowest price that day was $322.22, but it reached a high of $334.25 in the same session. During the last five days, there has been a drop of approximately -7.11%. Over the course of the year, S&P Global Inc. shares have dropped approximately -31.69%. Shares of the company reached a 52-week high of $472.83 on 01/03/22 and a 52-week low of $311.87 on 06/01/22. A 50-day SMA is recorded $364.78, while a 200-day SMA reached $384.40. Nevertheless, trading volume fell to 2.5 million shares from 1.26 million shares the previous day.

Support And Resistance Levels for S&P Global Inc. (SPGI)

According to the 24-hour chart, there is a support level at 318.31, which, if violated, would cause prices to drop to 314.25. In the upper region, resistance lies at 330.34. The next price resistance is at 338.31. RSI (Relative Strength Index) is 25.56 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -19.09, which suggests the price will decrease in the coming days. Percent R is at 99.71%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is S&P Global Inc. subject to short interest?

Stocks of S&P Global Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -1.77 million shares to 7.58 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 9.35 million shares. A decline of -23.35% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.31 of the overall float, the days-to-cover ratio (short ratio) decline to 3.31.

Which companies own the most shares of S&P Global Inc. (SPGI)?

According to The Vanguard Group, Inc. filings, the company currently owns 28,067,681 shares, which is about 8.42% of the total SPGI shares outstanding. The investor’s shares have appreciated by 102,442 from its previous 13-F filing of 27965239.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $6,102,504,604. SSgA Funds Management, Inc. reduced a -5.17% interest valued at $5.46 billion while Manulife Investment Management Lt purchased a 10,494,559 stake. A total of 1,945,249 shares of S&P Global Inc. were bought by TCI Fund Management Ltd. during the quarter, and -1,971,609 were sold by Wellington Management Co. LLP. In its current portfolio, Capital Research & Management Co holds 6,159,458 shares valued at $2.17 billion.

In terms of S&P Global Inc. share price expectations, FactSet research, analysts set an average price target of $405.50 in the next 12 months, up nearly 21.98% from the previous closing price of $334.88. Analysts anticipate S&P Global Inc. stock to reach $434.00 by 2022, with the lowest price target being $375.00. In spite of this, 21 analysts ranked S&P Global Inc. stock as a Buy at the end of 2022. On March 08, 2022, Barclays assigned a price target of “an Overweight” to the stock and resumed coverage with a $500.


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