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CME Group Inc [NASDAQ: CME] Sees Decrease in Stock Value

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. CME Group Inc shares valued at $60,885 were purchased by SHEPARD WILLIAM R on Jun 25 ’24. At $195.07 per share, SHEPARD WILLIAM R acquired 312 shares. The insider’s holdings grew to 253,655 shares worth approximately $49.73 million following the completion of this transaction.

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Also, SHEPARD WILLIAM R purchased 14 shares, netting a total of over 2,684 in proceeds. Following the buying of shares at $195.07 each, the insider now holds 2,348 shares.

Before that, Carey Charles P had sold 3,000 shares from its account. In a trade valued at $586,320, the Director traded CME Group Inc shares for $195.44 each. Upon closing the transaction, the insider’s holdings decreased to 3,000 shares, worth approximately $1.4 million.

As published in a research note from JP Morgan on June 21, 2024, CME Group Inc [CME] has been rated down from a Neutral to an Underweight and the price target has been revised to $187 from $206. Analysts at Barclays downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in early January. As of January 03, 2024, Goldman has decreased its “Neutral” rating to a “Sell” for CME. Earlier on September 06, 2023, BofA Securities upgraded its rating. Their new recommendation was “a Neutral” for CME stock which previously was a “an Underperform”.

Analyzing CME Stock Performance

During the last five days, there has been a surge of approximately 0.44%. Over the course of the year, CME Group Inc shares have dropped approximately -6.90%. Shares of the company reached a 52-week high of $222.63 on 02/29/24 and a 52-week low of $190.70 on 06/18/24. A 50-day SMA is recorded $204.53, while a 200-day SMA reached $209.43. Nevertheless, trading volume fell to 2.24 million shares from 4.67 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 195.30, which, if violated, would cause prices to drop to 194.53. In the upper region, resistance lies at 197.37. The next price resistance is at 198.67. RSI (Relative Strength Index) is 41.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.21, which suggests the price will decrease in the coming days. Percent R is at 34.55%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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