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. Cushman & Wakefield plc shares valued at $75,338,452 were sold by TPG GP A, LLC on Feb 29 ’24. At $9.74 per share, TPG GP A, LLC sold 7,734,954 shares. The insider’s holdings dropped to 17,098,001 shares worth approximately $173.37 million following the completion of this transaction.
Also, Robinson Nathaniel sold 40,000 shares, netting a total of over 399,600 in proceeds. Following the sale of shares at $9.99 each, the insider now holds 40,427 shares.
Before that, Robinson Nathaniel had sold 20,000 shares from its account. In a trade valued at $176,400, the insider traded Cushman & Wakefield plc shares for $8.82 each. Upon closing the transaction, the insider’s holdings decreased to 20,000 shares, worth approximately $0.3 million.
As published in their initiating research note from Jefferies on April 10, 2024, Cushman & Wakefield plc [CWK] has been a Buy and the price target has been revised to $13. Analysts at Wolfe Research downgraded the stock from ‘”an Outperform”‘ to ‘”a Peer perform”‘ outlook in a report released in early April. As of April 03, 2024, Raymond James has decreased its “Strong buy” rating to a “an Outperform” for CWK. Earlier on December 08, 2023, Wolfe Research upgraded its rating. Their new recommendation was “an Outperform” for CWK stock which previously was a “a Peer perform”.
Analyzing CWK Stock Performance
During the last five days, there has been a drop of approximately -0.78%. Over the course of the year, Cushman & Wakefield plc shares have dropped approximately -6.11%. Shares of the company reached a 52-week high of $11.76 on 02/15/24 and a 52-week low of $9.46 on 01/18/24. A 50-day SMA is recorded $10.17, while a 200-day SMA reached $9.18. Nevertheless, trading volume fell to 1.81 million shares from 2.5 million shares the previous day.
Support And Resistance Levels for Cushman & Wakefield plc (CWK)
According to the 24-hour chart, there is a support level at 10.00, which, if violated, would cause prices to drop to 9.85. In the upper region, resistance lies at 10.30. The next price resistance is at 10.46. RSI (Relative Strength Index) is 48.97 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.28, which suggests the price will decrease in the coming days. Percent R is at 66.43%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Cushman & Wakefield plc subject to short interest?
Stocks of Cushman & Wakefield plc saw a sharp steep in short interest on Mar 15, 2024 dropping by -1.39 million shares to 12.83 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 14.22 million shares. A decline of -10.83% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 4.7 of the overall float, the days-to-cover ratio (short ratio) decline to 4.7.
