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Keeping an Eye on Cushman & Wakefield plc (CWK) After Insider Trading Activity

In a filing, Cushman & Wakefield plc revealed its Former 10% Owner TPG GP A, LLC unloaded Company’s shares for reported $188.08 million on May 22 ’24. In the deal valued at $11.00 per share,17,098,001 shares were sold. As a result of this transaction, TPG GP A, LLC now holds 0 shares worth roughly $0.0.

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Then, TPG GP A, LLC sold 7,734,954 shares, generating $75,338,452 in total proceeds. Upon selling the shares at $9.74, the 10% Owner now owns 17,098,001 shares.

Before that, Robinson Nathaniel sold 40,000 shares. Cushman & Wakefield plc shares valued at $399,600 were divested by the insider at a price of $9.99 per share. As a result of the transaction, Robinson Nathaniel now holds 40,427 shares, worth roughly $0.44 million.

Jefferies initiated its Cushman & Wakefield plc [CWK] rating to a Buy in a research note published on April 10, 2024; the price target was $13. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who decreased its forecast for the stock in early April from “an Outperform” to “a Peer perform”. Raymond James also remained covering CWK and has decreased its forecast on April 03, 2024 with a “an Outperform” recommendation from previously “Strong buy” rating. Wolfe Research revised its rating on December 08, 2023. It rated CWK as “an Outperform” which previously was an “a Peer perform”.

Price Performance Review of CWK

On Monday, Cushman & Wakefield plc [NYSE:CWK] saw its stock jump 4.03% to $10.83. Over the last five days, the stock has gained 4.13%. Cushman & Wakefield plc shares have risen nearly 0.28% since the year began. Nevertheless, the stocks have risen 33.70% over the past one year. While a 52-week high of $11.83 was reached on 05/20/24, a 52-week low of $6.24 was recorded on 04/18/24. SMA at 50 days reached $10.49, while 200 days put it at $9.53. A total of 2.01 million shares were traded, compared to the trading of 0.67 million shares in the previous session.

Levels Of Support And Resistance For CWK Stock

The 24-hour chart illustrates a support level at 10.58, which if violated will result in even more drops to 10.34. On the upside, there is a resistance level at 10.96. A further resistance level may holdings at 11.09. The Relative Strength Index (RSI) on the 14-day chart is 57.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 10.34%. Stochastics%K at 64.04% indicates the stock is a holding.

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