Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Carlyle Group Inc shares valued at $2,460,500 were purchased by Carlyle Group Inc. on Feb 08 ’24. At $12.95 per share, Carlyle Group Inc. acquired 190,000 shares. The insider’s holdings grew to 1,066,189 shares worth approximately $44.23 million following the completion of this transaction.
Also, SCHWARTZ HARVEY M sold 295,358 shares, netting a total of over 12,328,036 in proceeds. Following the sale of shares at $41.74 each, the insider now holds 6,768,046 shares.
Before that, CG Subsidiary Holdings L.L.C. had added 1,269,537 shares to its account. In a trade valued at $10,816,455, the 10% Owner bought Carlyle Group Inc shares for $8.52 each. Upon closing the transaction, the insider’s holdings increased to 1,269,537 shares, worth approximately $198.51 million.
As published in a research note from Citigroup on January 19, 2024, Carlyle Group Inc [CG] has been rated down from a Buy to a Neutral and the price target has been revised to $41 from $40. Analysts at TD Cowen started covering the stock with ‘”a Market perform”‘ outlook in a report released in early January. As of November 29, 2023, Evercore ISI has decreased its “an Outperform” rating to a “an In-line” for CG. Earlier on October 05, 2023, Wolfe Research initiated its rating. Their recommendation was “a Peer perform” for CG stock.
Analyzing CG Stock Performance
During the last five days, there has been a surge of approximately 1.24%. Over the course of the year, Carlyle Group Inc shares have jumped approximately 1.94%. Shares of the company reached a 52-week high of $48.52 on 03/08/24 and a 52-week low of $37.62 on 01/17/24. A 50-day SMA is recorded $45.55, while a 200-day SMA reached $37.50. Nevertheless, trading volume fell to 1.44 million shares from 1.78 million shares the previous day.
Support And Resistance Levels for Carlyle Group Inc (CG)
According to the 24-hour chart, there is a support level at 41.29, which, if violated, would cause prices to drop to 41.10. In the upper region, resistance lies at 41.74. The next price resistance is at 42.01. RSI (Relative Strength Index) is 35.54 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.94, which suggests the price will decrease in the coming days. Percent R is at 76.83%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
