Carlyle Group Inc’s recent filing unveils that its Former 10% Owner Carlyle Group Inc. acquired Company’s shares for reported $2.46 million on Feb 08 ’24. In the deal valued at $12.95 per share,190,000 shares were bought. As a result of this transaction, Carlyle Group Inc. now holds 1,066,189 shares worth roughly $49.51 million.
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Then, SCHWARTZ HARVEY M sold 295,358 shares, generating $12,328,036 in total proceeds. Upon selling the shares at $41.74, the Chief Executive Officer now owns 6,768,046 shares.
Before that, CG Subsidiary Holdings L.L.C. bought 1,269,537 shares. Carlyle Group Inc shares valued at $10,816,455 were divested by the 10% Owner at a price of $8.52 per share. As a result of the transaction, CG Subsidiary Holdings L.L.C. now holds 4,785,628 shares, worth roughly $222.24 million.
Citigroup downgraded its Carlyle Group Inc [CG] rating to a Neutral from a a Buy in a research note published on January 19, 2024; the price target was increased to $41 from $40. A number of analysts have revised their coverage, including TD Cowen’s analysts, who began to cover the stock in early January with a ‘”a Market perform”‘ rating. Evercore ISI also remained covering CG and has decreased its forecast on November 29, 2023 with a “an In-line” recommendation from previously “an Outperform” rating. Wolfe Research started covering the stock on October 05, 2023. It rated CG as “a Peer perform”.
Price Performance Review of CG
On Tuesday, Carlyle Group Inc [NASDAQ:CG] saw its stock fall -0.04% to $46.44. Over the last five days, the stock has gained 2.74%. Carlyle Group Inc shares have risen nearly 14.13% since the year began. Nevertheless, the stocks have risen 52.66% over the past one year. While a 52-week high of $48.52 was reached on 03/08/24, a 52-week low of $25.20 was recorded on 01/17/24. SMA at 50 days reached $43.77, while 200 days put it at $35.55. A total of 1.65 million shares were traded, compared to the trading of 1.49 million shares in the previous session.
Levels Of Support And Resistance For CG Stock
The 24-hour chart illustrates a support level at 46.22, which if violated will result in even more drops to 46.00. On the upside, there is a resistance level at 46.70. A further resistance level may holdings at 46.96. The Relative Strength Index (RSI) on the 14-day chart is 56.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 48.71%. Stochastics %K at 51.29% indicates the stock is a holding.
How much short interest is there in Carlyle Group Inc?
A steep rise in short interest was recorded in Carlyle Group Inc stocks on Feb 29, 2024, growing by 2.58 million shares to a total of 17.04 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 14.46 million shares. There was a rise of 15.14%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 8.09% of the overall stock float, the days-to-cover ratio (short ratio) rose to 6.5.
The most recent change occurred on May 19, 2023 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $40 price target.
