S&P Global Inc. [SPGI] Records 200-Day SMA of $346.03


The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. S&P Global Inc. shares valued at $2,692,232 were sold by Peterson Douglas L. on May 15. At $358.96 per share, Peterson Douglas L. sold 7,500 shares. The insider’s holdings dropped to 163,770 shares worth approximately $58.68 million following the completion of this transaction.

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Also, Steenbergen Ewout L sold 5,700 shares, netting a total of over 2,023,671 in proceeds. Following the sale of shares at $355.03 each, the insider now holds 27,904 shares.

Before that, Kemps Steven J had sold 909 shares from its account. In a trade valued at $327,304, the EVP, Chief Legal Officer traded S&P Global Inc. shares for $360.07 each. Upon closing the transaction, the insider’s holdings decreased to 909 shares, worth approximately $1.06 million.

Analyzing SPGI Stock Performance

On Thursday, S&P Global Inc. [NYSE: SPGI] rose 0.60% to $358.32. The stock’s lowest price that day was $354.74, but it reached a high of $359.45 in the same session. During the last five days, there has been a drop of approximately -1.51%. Over the course of the year, S&P Global Inc. shares have jumped approximately 6.98%. Shares of the company reached a 52-week high of $388.42 on 02/02/23 and a 52-week low of $321.14 on 03/13/23. A 50-day SMA is recorded $349.51, while a 200-day SMA reached $346.03. Nevertheless, trading volume fell to 1.03 million shares from 1.23 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 355.56, which, if violated, would cause prices to drop to 352.79. In the upper region, resistance lies at 360.27. The next price resistance is at 362.21. RSI (Relative Strength Index) is 51.40 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.93, which suggests the price will decrease in the coming days. Percent R is at 75.64%, indicating bearish price movement. Stochastics %K at holding 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 rise in short interest on May 14, 2023 jumping by 2.07 million shares to 4.66 million. Data from Yahoo Finance shows that the short interest on Apr 13, 2023 was 2.59 million shares. A jump of 44.42% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.34 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.34.

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

According to The Vanguard Group, Inc. filings, the company currently owns 27,235,957 shares, which is about 8.46% of the total SPGI shares outstanding. The investor’s shares have plunged by -334,888 from its previous 13-F filing of 27570845.0 shares. With the completion of the sale transaction, BlackRock Fund Advisors’s stake is now worth $5,221,343,442. SSgA Funds Management, Inc. reduced a -5.70% interest valued at $5.13 billion while TCI Fund Management Ltd. purchased a 145,038 stake. A total of 23,949 shares of S&P Global Inc. were bought by Geode Capital Management LLC during the quarter, and 471,291 were bought by JPMorgan Investment Management, I. In its current portfolio, Fidelity Management & Research Co holds 5,340,689 shares valued at $1.94 billion.

In terms of S&P Global Inc. share price expectations, FactSet research, analysts set an average price target of $408.42 in the next 12 months, up nearly 15.95% from the previous closing price of $356.20. Analysts anticipate S&P Global Inc. stock to reach $434.00 by 2023, with the lowest price target being $340.00. In spite of this, 23 analysts ranked S&P Global Inc. stock as a Buy at the end of 2023.


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