Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. CME Group Inc shares valued at $60,561 were purchased by SHEPARD WILLIAM R on Mar 26 ’24. At $214.71 per share, SHEPARD WILLIAM R acquired 282 shares. The insider’s holdings grew to 253,343 shares worth approximately $53.9 million following the completion of this transaction.
Also, SHEPARD WILLIAM R purchased 12 shares, netting a total of over 2,670 in proceeds. Following the buying of shares at $214.71 each, the insider now holds 2,334 shares.
Before that, McCourt Timothy Francis had sold 35 shares from its account. In a trade valued at $7,237, the Sr MD Global Head Equity & FX traded CME Group Inc shares for $206.78 each. Upon closing the transaction, the insider’s holdings decreased to 35 shares, worth approximately $1.37 million.
As published in a research note from Barclays on January 08, 2024, CME Group Inc [CME] has been rated down from an Overweight to an Equal weight and the price target has been revised to $222 from $244. Analysts at Goldman downgraded the stock from ‘”a Neutral”‘ to ‘”a Sell”‘ outlook in a report released in early January. As of September 06, 2023, BofA Securities has increased its “an Underperform” rating to a “Neutral” for CME. Earlier on June 28, 2023, Barclays initiated its rating. Their recommendation was “an Overweight” for CME stock.
Analyzing CME Stock Performance
During the last five days, there has been a surge of approximately 0.26%. Over the course of the year, CME Group Inc shares have jumped approximately 1.03%. Shares of the company reached a 52-week high of $222.63 on 02/29/24 and a 52-week low of $195.54 on 01/11/24. A 50-day SMA is recorded $213.61, while a 200-day SMA reached $207.10. Nevertheless, trading volume fell to 1.64 million shares from 2.13 million shares the previous day.
Support And Resistance Levels for CME Group Inc (CME)
According to the 24-hour chart, there is a support level at 210.85, which, if violated, would cause prices to drop to 208.93. In the upper region, resistance lies at 214.28. The next price resistance is at 215.79. RSI (Relative Strength Index) is 48.09 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.55, which suggests the price will decrease in the coming days. Percent R is at 46.35%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is CME Group Inc subject to short interest?
Stocks of CME Group Inc saw a sharp rise in short interest on Mar 28, 2024 jumping by 1.1 million shares to 4.42 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 3.32 million shares. A jump of 24.89% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.9 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.9.
