An Analysis of Cushman & Wakefield plc (CWK)’s Potential Price Growth

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Cushman & Wakefield plc’s recently made public that its insider MACKAY MICHELLE acquired Company’s shares for reported $51240.0 on Jun 13. In the deal valued at $14.64 per share,3,500 shares were bought. As a result of this transaction, MACKAY MICHELLE now holds 50,760 shares worth roughly $ 0.54 million.


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Then, Robinson Nathaniel sold 15,231 shares, generating $267,761 in total proceeds. Upon selling the shares at $17.58, the insider now owns 22,580 shares.

Before that, PAGAC Drone Holding GP I Ltd sold 2,156,391 shares. Cushman & Wakefield plc shares valued at $39,656,030 were divested by the 10% Owner at a price of $18.39 per share. As a result of the transaction, PAGAC Drone Holding GP I Ltd now holds 25,717,475 shares, worth roughly $272.35 million.

Goldman initiated its Cushman & Wakefield plc [CWK] rating to a Buy in a research note published on Friday, April 05, 2022; the price target was $25. PT values the company’s stock at a premium of 57.64 to its Friday closing price. A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in late November from “an Outperform” to “a Strong buy”. Wolfe Research began covering CWK with “an Outperform” recommendation on June 15, 2021. BofA Securities revised its rating on May 17, 2021. It rated CWK as “an Underperform” which previously was an “a Neutral”.

Price Performance Review of CWK

On Friday, Cushman & Wakefield plc [NYSE:CWK] saw its stock fall -0.09% to $10.59. On the same session, the stock had its day’s lowest price of $10.04, but rose to a high of $10.91. Over the last five days, the stock has lost -9.18%. Cushman & Wakefield plc shares have fallen nearly -52.38% since the year began. Nevertheless, the stocks have fallen -44.03% over the past one year. While a 52-week high of $23.54 was reached on 02/25/22, a 52-week low of $10.48 was recorded on 11/04/22. SMA at 50 days reached $12.67, while 200 days put it at $16.87. A total of 4.11 million shares were traded, compared to the trading of 2.46 million shares in the previous session.

Levels Of Support And Resistance For CWK Stock

The 24-hour chart illustrates a support level at 10.12, which if violated will result in even more drops to 9.64. On the upside, there is a resistance level at 10.99. A further resistance level may holdings at 11.38. The Relative Strength Index (RSI) on the 14-day chart is 35.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.69, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.56%. Stochastics %K at 13.22% indicates the stock is a buying.

How much short interest is there in Cushman & Wakefield plc?

A steep rise in short interest was recorded in Cushman & Wakefield plc stocks on Jul 14, 2022, dropping by -1.56 million shares to a total of 6.71 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 8.27 million shares. There was a decline of -23.25%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 5.40% of the overall stock float, the days-to-cover ratio (short ratio) fell to 6.65.

Cushman & Wakefield plc [CWK] – Who Are The Largest Shareholders?

In filings from Fidelity Management & Research Co, it is revealed that the company now owns 29,735,710 shares, or roughly 13.18% of the outstanding CWK shares. In other words, the investor’s shares have risen by 286,872 from its previous 13-F filing of 29448838.0. Additionally, Pacific Alliance Investment Manag decreased -7.74% of its stake after which the total value it holdings stand at $294,465,089, while The Vanguard Group, Inc. added 3.42% of its stake to hold $250.15 million in the firm. At present, BlackRock Fund Advisors is holding 9,092,943 shares valued at $104.11 million. Harris Associates LP owned 8,625,822 shares of the company at the time of its most recent 13F filing, worth $98.77 million.

According to FactSet, Cushman & Wakefield plc’s share price will average $19.88 in the next year, based on opinions of analysts polled by the firm. This is up nearly 79.25 percent from its previous closing price of $10.60. Analysts expect Cushman & Wakefield plc stock to reach the higher price of $28.00, while the lowest price estimate is $15.00. However, 10 analysts have rated CWK stock as a Buy in their predictions for 2022. The most recent change occurred on January 25, 2021 when Goldman began covering the stock and recommended ‘”a Neutral”‘ rating along with a $15.50 price target.

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