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Potential Price Increase for Cboe Global Markets Inc. (CBOE) After Recent Insider Activity

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In a filing, Cboe Global Markets Inc. revealed its EVP, GC AND CORP SEC Sexton John P unloaded Company’s shares for reported $1.29 million on Mar 11 ’24. In the deal valued at $185.00 per share,6,968 shares were sold. As a result of this transaction, Sexton John P now holds 16,569 shares worth roughly $3.02 million.

Then, Wilkinson Allen sold 275 shares, generating $50,858 in total proceeds. Upon selling the shares at $184.94, the SVP, CHIEF ACCOUNTING OFFICER now owns 83 shares.

Before that, Howson Dave sold 5,322 shares. Cboe Global Markets Inc. shares valued at $995,001 were divested by the EVP, GLOBAL PRESIDENT at a price of $186.96 per share. As a result of the transaction, Howson Dave now holds 17,573 shares, worth roughly $3.2 million.

Barclays upgraded its Cboe Global Markets Inc. [CBOE] rating to an Overweight from a an Equal weight in a research note published on January 08, 2024; the price target was increased to $204 from $189. A number of analysts have revised their coverage, including Argus’s analysts, who decreased its forecast for the stock in mid November from “a Buy” to “a Hold”. Deutsche Bank also remained covering CBOE and has decreased its forecast on October 11, 2023 with a “Hold” recommendation from previously “Buy” rating.

Price Performance Review of CBOE

On Monday, Cboe Global Markets Inc. [AMEX:CBOE] saw its stock jump 0.80% to $182.37. Over the last five days, the stock has gained 0.27%. Cboe Global Markets Inc. shares have risen nearly 2.13% since the year began. Nevertheless, the stocks have risen 34.47% over the past one year. While a 52-week high of $199.00 was reached on 02/26/24, a 52-week low of $130.91 was recorded on 01/05/24. SMA at 50 days reached $185.27, while 200 days put it at $166.79. A total of 0.71 million shares were traded, compared to the trading of 0.74 million shares in the previous session.

Levels Of Support And Resistance For CBOE Stock

The 24-hour chart illustrates a support level at 180.98, which if violated will result in even more drops to 179.58. On the upside, there is a resistance level at 183.65. A further resistance level may holdings at 184.92. The Relative Strength Index (RSI) on the 14-day chart is 48.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 32.35%. Stochastics %K at 52.21% indicates the stock is a holding.

How much short interest is there in Cboe Global Markets Inc.?

A steep rise in short interest was recorded in Cboe Global Markets Inc. stocks on Aug 31, 2018, dropping by 30000.0 shares to a total of 2.55 million shares. Yahoo Finance data shows the prior-month short interest on Jul 31, 2018 was 2.58 million shares. There was a decline of -1.18%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.98% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.87.

The most recent change occurred on June 28, 2023 when Barclays began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $146 price target.

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