KD Logo

Cboe Global Markets Inc. (CBOE) gets rating Downgrade from Morgan Stanley

Cboe Global Markets Inc.’s filing revealed that 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 $2.94 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 $3.12 million.

Morgan Stanley downgraded its Cboe Global Markets Inc. [CBOE] rating to an Equal-weight from a an Overweight in a research note published on April 09, 2024; the price target was decreased to $199 from $211. A number of analysts have revised their coverage, including Barclays’s analysts, who increased its forecast for the stock in early January from “an Equal weight” to “an Overweight”. Argus also remained covering CBOE and has decreased its forecast on November 16, 2023 with a “Hold” recommendation from previously “Buy” rating. Deutsche Bank revised its rating on October 11, 2023. It rated CBOE as “a Hold” which previously was an “a Buy”.

Price Performance Review of CBOE

On Monday, Cboe Global Markets Inc. [AMEX:CBOE] saw its stock fall -0.64% to $177.37. Over the last five days, the stock has lost -2.74%. Cboe Global Markets Inc. shares have fallen nearly -0.67% since the year began. Nevertheless, the stocks have risen 31.22% 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 $184.68, while 200 days put it at $167.88. A total of 0.75 million shares were traded, compared to the trading of 1.08 million shares in the previous session.

Levels Of Support And Resistance For CBOE Stock

The 24-hour chart illustrates a support level at 176.25, which if violated will result in even more drops to 175.14. On the upside, there is a resistance level at 179.50. A further resistance level may holdings at 181.64. The Relative Strength Index (RSI) on the 14-day chart is 41.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.22%. Stochastics %K at 24.60% indicates the stock is a holding.

Most Popular

[the_ad id="945"]