In a filing, CME Group Inc revealed its Director SHEPARD WILLIAM R acquired Company’s shares for reported $60561.0 on Mar 26 ’24. In the deal valued at $214.71 per share,282 shares were bought. As a result of this transaction, SHEPARD WILLIAM R now holds 253,343 shares worth roughly $53.9 million.
Then, SHEPARD WILLIAM R bought 12 shares, generating $2,670 in total proceeds. Upon buying the shares at $214.71, the Director now owns 2,334 shares.
Before that, McCourt Timothy Francis sold 35 shares. CME Group Inc shares valued at $7,237 were divested by the Sr MD Global Head Equity & FX at a price of $206.78 per share. As a result of the transaction, McCourt Timothy Francis now holds 6,447 shares, worth roughly $1.37 million.
Barclays downgraded its CME Group Inc [CME] rating to an Equal weight from a an Overweight in a research note published on January 08, 2024; the price target was decreased to $222 from $244. A number of analysts have revised their coverage, including Goldman’s analysts, who decreased its forecast for the stock in early January from “a Neutral” to “a Sell”. BofA Securities also remained covering CME and has increased its forecast on September 06, 2023 with a “Neutral” recommendation from previously “an Underperform” rating. Barclays started covering the stock on June 28, 2023. It rated CME as “an Overweight”.
Price Performance Review of CME
On Monday, CME Group Inc [NASDAQ:CME] saw its stock jump 0.79% to $212.75. Over the last five days, the stock has gained 0.34%. CME Group Inc shares have risen nearly 1.02% since the year began. Nevertheless, the stocks have risen 11.73% over the past one year. While a 52-week high of $222.63 was reached on 02/29/24, a 52-week low of $171.43 was recorded on 01/11/24. SMA at 50 days reached $213.27, while 200 days put it at $206.64. A total of 1.95 million shares were traded, compared to the trading of 0.23 million shares in the previous session.
Levels Of Support And Resistance For CME Stock
The 24-hour chart illustrates a support level at 210.57, which if violated will result in even more drops to 208.39. On the upside, there is a resistance level at 214.53. A further resistance level may holdings at 216.31. The Relative Strength Index (RSI) on the 14-day chart is 46.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.87, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.61%. Stochastics %K at 13.31% indicates the stock is a buying.
How much short interest is there in CME Group Inc?
A steep rise in short interest was recorded in CME Group Inc stocks on Mar 15, 2024, growing by 0.71 million shares to a total of 3.74 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 3.03 million shares. There was a rise of 18.98%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.04% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.31.
