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Insider Selling: Cook Elizabeth A, CME Group Inc [CME] Director divested 1,000 shares

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. CME Group Inc shares valued at $211,520 were sold by Cook Elizabeth A on May 20 ’24. At $211.52 per share, Cook Elizabeth A sold 1,000 shares. The insider’s holdings dropped to 18,241 shares worth approximately $3.87 million following the completion of this transaction.

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Also, SAVAGE TERRY L sold 2,500 shares, netting a total of over 526,620 in proceeds. Following the sale of shares at $210.65 each, the insider now holds 17,441 shares.

Before that, Piell Hilda Harris had sold 7,140 shares from its account. In a trade valued at $1,501,876, the Sr MD & Chief HR Officer traded CME Group Inc shares for $210.35 each. Upon closing the transaction, the insider’s holdings decreased to 7,140 shares, worth approximately $6.2 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 drop of approximately -0.31%. Over the course of the year, CME Group Inc shares have jumped approximately 0.70%. 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 $211.98, while a 200-day SMA reached $210.10. Nevertheless, trading volume fell to 1.63 million shares from 1.33 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 210.57, which, if violated, would cause prices to drop to 209.06. In the upper region, resistance lies at 213.16. The next price resistance is at 214.25. RSI (Relative Strength Index) is 52.37 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.57, which suggests the price will decrease in the coming days. Percent R is at 25.42%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

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