In a filing, Cushman & Wakefield plc revealed its 10% Owner TPG GP A, LLC unloaded Company’s shares for reported $75.34 million on Feb 29 ’24. In the deal valued at $9.74 per share,7,734,954 shares were sold. As a result of this transaction, TPG GP A, LLC now holds 17,098,001 shares worth roughly $182.95 million.
Then, Robinson Nathaniel sold 40,000 shares, generating $399,600 in total proceeds. Upon selling the shares at $9.99, the insider now owns 40,427 shares.
Before that, Robinson Nathaniel sold 20,000 shares. Cushman & Wakefield plc shares valued at $176,400 were divested by the insider at a price of $8.82 per share. As a result of the transaction, Robinson Nathaniel now holds 29,459 shares, worth roughly $0.32 million.
Raymond James downgraded its Cushman & Wakefield plc [CWK] rating to an Outperform from a a Strong buy in a research note published recently. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who increased its forecast for the stock in early December from “a Peer perform” to “an Outperform”. UBS also remained covering CWK and has decreased its forecast on April 17, 2023 with a “Neutral” recommendation from previously “Buy” rating. Goldman revised its rating on April 10, 2023. It rated CWK as “a Neutral” which previously was an “a Buy”.
Price Performance Review of CWK
On Friday, Cushman & Wakefield plc [NYSE:CWK] saw its stock jump 3.78% to $10.70. Over the last five days, the stock has gained 2.29%. Cushman & Wakefield plc shares have fallen nearly -0.93% since the year began. Nevertheless, the stocks have risen 6.15% over the past one year. While a 52-week high of $11.76 was reached on 02/15/24, a 52-week low of $6.24 was recorded on 01/18/24. SMA at 50 days reached $10.16, while 200 days put it at $9.14. A total of 2.37 million shares were traded, compared to the trading of 2.1 million shares in the previous session.
Levels Of Support And Resistance For CWK Stock
The 24-hour chart illustrates a support level at 10.37, which if violated will result in even more drops to 10.03. On the upside, there is a resistance level at 10.87. A further resistance level may holdings at 11.03. The Relative Strength Index (RSI) on the 14-day chart is 62.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 0.00%. Stochastics %K at 76.12% indicates the stock is a holding.
How much short interest is there in Cushman & Wakefield plc?
A steep rise in short interest was recorded in Cushman & Wakefield plc stocks on Mar 15, 2024, dropping by -1.39 million shares to a total of 12.83 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 14.22 million shares. There was a decline of -10.83%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 12.12% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.7.
