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Is it a good time to sell CME Group Inc [CME] shares after an insider sold 650 shares?

CME Group Inc’s recent filing unveils that its Director GLICKMAN DANIEL R unloaded Company’s shares for reported $0.13 million on Jun 06 ’24. In the deal valued at $201.44 per share,650 shares were sold. As a result of this transaction, GLICKMAN DANIEL R now holds 14,008 shares worth roughly $2.78 million.

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Then, Cook Elizabeth A sold 1,000 shares, generating $211,520 in total proceeds. Upon selling the shares at $211.52, the Director now owns 18,241 shares.

Before that, SAVAGE TERRY L sold 2,500 shares. CME Group Inc shares valued at $526,620 were divested by the Director at a price of $210.65 per share. As a result of the transaction, SAVAGE TERRY L now holds 17,441 shares, worth roughly $3.46 million.

Barclays downgraded its CME Group Inc [CME] rating to an Equal weight from a an Overweight in a research note published on January 08, 2024; the price target was decreased to $222 from $244. A number of analysts have revised their coverage, including Goldman’s analysts, who decreased its forecast for the stock in early January from “a Neutral” to “a Sell”. BofA Securities also remained covering CME and has increased its forecast on September 06, 2023 with a “Neutral” recommendation from previously “an Underperform” rating. Barclays started covering the stock on June 28, 2023. It rated CME as “an Overweight”.

Price Performance Review of CME

On Monday, CME Group Inc [NASDAQ:CME] saw its stock fall -0.43% to $198.50. Over the last five days, the stock has lost -1.61%. CME Group Inc shares have fallen nearly -5.75% since the year began. Nevertheless, the stocks have risen 9.72% over the past one year. While a 52-week high of $222.63 was reached on 02/29/24, a 52-week low of $172.71 was recorded on 01/11/24. SMA at 50 days reached $209.33, while 200 days put it at $210.08. A total of 1.97 million shares were traded, compared to the trading of 1.89 million shares in the previous session.

Levels Of Support And Resistance For CME Stock

The 24-hour chart illustrates a support level at 197.17, which if violated will result in even more drops to 195.84. On the upside, there is a resistance level at 199.85. A further resistance level may holdings at 201.19. The Relative Strength Index (RSI) on the 14-day chart is 33.92, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.68, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.62%. Stochastics %K at 5.46% indicates the stock is a buying.

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