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. Cboe Global Markets Inc. shares valued at $1,289,080 were sold by Sexton John P on Mar 11 ’24. At $185.00 per share, Sexton John P sold 6,968 shares. The insider’s holdings dropped to 16,569 shares worth approximately $2.94 million following the completion of this transaction.
Also, Wilkinson Allen sold 275 shares, netting a total of over 50,858 in proceeds. Following the sale of shares at $184.94 each, the insider now holds 83 shares.
Before that, Howson Dave had sold 5,322 shares from its account. In a trade valued at $995,001, the EVP, GLOBAL PRESIDENT traded Cboe Global Markets Inc. shares for $186.96 each. Upon closing the transaction, the insider’s holdings decreased to 5,322 shares, worth approximately $3.12 million.
As published in a research note from Morgan Stanley on April 09, 2024, Cboe Global Markets Inc. [CBOE] has been rated down from an Overweight to an Equal-weight and the price target has been revised to $199 from $211. Analysts at Barclays upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in early January. As of November 16, 2023, Argus has decreased its “Buy” rating to a “Hold” for CBOE. Earlier on October 11, 2023, Deutsche Bank downgraded its rating. Their new recommendation was “a Hold” for CBOE stock which previously was a “a Buy”.
Analyzing CBOE Stock Performance
During the last five days, there has been a drop of approximately -2.24%. Over the course of the year, Cboe Global Markets Inc. shares have dropped approximately -0.59%. Shares of the company reached a 52-week high of $199.00 on 02/26/24 and a 52-week low of $172.31 on 01/05/24. A 50-day SMA is recorded $184.93, while a 200-day SMA reached $167.45. Nevertheless, trading volume fell to 0.9 million shares from 0.9 million shares the previous day.
Support And Resistance Levels for Cboe Global Markets Inc. (CBOE)
According to the 24-hour chart, there is a support level at 175.20, which, if violated, would cause prices to drop to 172.89. In the upper region, resistance lies at 180.24. The next price resistance is at 182.97. RSI (Relative Strength Index) is 40.74 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.65, which suggests the price will decrease in the coming days. Percent R is at 78.74%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Cboe Global Markets Inc. subject to short interest?
Stocks of Cboe Global Markets Inc. saw a sharp steep in short interest on Aug 31, 2018 dropping by 30000.0 shares to 2.55 million. Data from Yahoo Finance shows that the short interest on Jul 31, 2018 was 2.58 million shares. A decline of -1.18% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.87 of the overall float, the days-to-cover ratio (short ratio) decline to 2.87.
