Investing in Cushman & Wakefield plc (CWK): What You Must Know


In a filing, Cushman & Wakefield plc revealed 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 $ 0.66 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, TPG GP A, LLC sold 2,920,717 shares. Cushman & Wakefield plc shares valued at $53,697,382 were divested by the 10% Owner at a price of $18.39 per share. As a result of the transaction, TPG GP A, LLC now holds 34,832,955 shares, worth roughly $450.74 million.

Wolfe Research downgraded its Cushman & Wakefield plc [CWK] rating to a Peer perform from a an Outperform in a research note published on Tuesday. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in early April with a ‘”a Buy”‘ rating. Raymond James also remained covering CWK and has increased its forecast on November 22, 2021 with a “Strong buy” recommendation from previously “an Outperform” rating. Wolfe Research started covering the stock on June 15, 2021. It rated CWK as “an Outperform”.

Price Performance Review of CWK

On Tuesday, Cushman & Wakefield plc [NYSE:CWK] saw its stock jump 0.39% to $12.94. On the same session, the stock had its day’s lowest price of $12.71, but rose to a high of $13.14. Over the last five days, the stock has lost -2.56%. Cushman & Wakefield plc shares have risen nearly 3.85% since the year began. Nevertheless, the stocks have fallen -44.03% over the past one year. While a 52-week high of $22.96 was reached on 02/02/23, a 52-week low of $10.04 was recorded on 02/24/23. SMA at 50 days reached $13.44, while 200 days put it at $14.02. A total of 3.57 million shares were traded, compared to the trading of 2.19 million shares in the previous session.

Levels Of Support And Resistance For CWK Stock

The 24-hour chart illustrates a support level at 12.72, which if violated will result in even more drops to 12.50. On the upside, there is a resistance level at 13.15. A further resistance level may holdings at 13.36. The Relative Strength Index (RSI) on the 14-day chart is 37.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.96, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.05%. Stochastics %K at 14.83% 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 Jan 30, 2023, dropping by -0.79 million shares to a total of 14.71 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 15.5 million shares. There was a decline of -5.37%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 11.34% of the overall stock float, the days-to-cover ratio (short ratio) fell to 9.19.

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

In filings from Fidelity Management & Research Co, it is revealed that the company now owns 29,786,588 shares, or roughly 13.19% of the outstanding CWK shares. In other words, the investor’s shares have risen by 24,493 from its previous 13-F filing of 29762095.0.. Over the last quarter, BlackRock Fund Advisors purchased 11,357,403 shares of Cushman & Wakefield plc, while Ontario Teachers’ Pension Plan Bo bought 0 shares. At present, Franklin Mutual Advisers LLC is holding 8,502,107 shares valued at $122.69 million. Vulcan Value Partners LLC owned 7,581,137 shares of the company at the time of its most recent 13F filing, worth $109.4 million.

According to FactSet, Cushman & Wakefield plc’s share price will average $16.96 in the next year, based on opinions of analysts polled by the firm. This is up nearly 18.31 percent from its previous closing price of $12.89. Analysts expect Cushman & Wakefield plc stock to reach the higher price of $23.00, while the lowest price estimate is $14.25. However, 9 analysts have rated CWK stock as an Overweight in their predictions for 2023.


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