Cushman & Wakefield plc’s recently made public that its 10% Owner TPG GP A, LLC unloaded Company’s shares for reported $75.34 million on Feb 29 ’24. In the deal valued at $9.74 per share,7,734,954 shares were sold. As a result of this transaction, TPG GP A, LLC now holds 17,098,001 shares worth roughly $168.93 million.
Then, Robinson Nathaniel sold 40,000 shares, generating $399,600 in total proceeds. Upon selling the shares at $9.99, the insider now owns 40,427 shares.
Before that, Robinson Nathaniel sold 20,000 shares. Cushman & Wakefield plc shares valued at $176,400 were divested by the insider at a price of $8.82 per share. As a result of the transaction, Robinson Nathaniel now holds 29,459 shares, worth roughly $0.29 million.
Jefferies initiated its Cushman & Wakefield plc [CWK] rating to a Buy in a research note published on April 10, 2024; the price target was $13. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who decreased its forecast for the stock in early April from “an Outperform” to “a Peer perform”. Raymond James also remained covering CWK and has decreased its forecast on April 03, 2024 with a “an Outperform” recommendation from previously “Strong buy” rating. Wolfe Research revised its rating on December 08, 2023. It rated CWK as “an Outperform” which previously was an “a Peer perform”.
Price Performance Review of CWK
On Friday, Cushman & Wakefield plc [NYSE:CWK] saw its stock fall -0.20% to $9.88. Over the last five days, the stock has lost -7.66%. Cushman & Wakefield plc shares have fallen nearly -8.52% since the year began. Nevertheless, the stocks have risen 3.13% over the past one year. While a 52-week high of $11.76 was reached on 02/15/24, a 52-week low of $6.24 was recorded on 01/18/24. SMA at 50 days reached $10.14, while 200 days put it at $9.20. A total of 1.85 million shares were traded, compared to the trading of 1.4 million shares in the previous session.
Levels Of Support And Resistance For CWK Stock
The 24-hour chart illustrates a support level at 9.75, which if violated will result in even more drops to 9.62. On the upside, there is a resistance level at 9.99. A further resistance level may holdings at 10.10. The Relative Strength Index (RSI) on the 14-day chart is 44.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.62%. Stochastics %K at 21.91% indicates the stock is a holding.
