Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. S&P Global Inc shares valued at $2,593,203 were sold by Peterson Douglas L. on May 15 ’24. At $432.20 per share, Peterson Douglas L. sold 6,000 shares. The insider’s holdings dropped to 107,813 shares worth approximately $51.93 million following the completion of this transaction.
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Also, Peterson Douglas L. sold 6,000 shares, netting a total of over 2,548,468 in proceeds. Following the sale of shares at $424.74 each, the insider now holds 162,530 shares.
Before that, Peterson Douglas L. had sold 6,000 shares from its account. In a trade valued at $2,431,670, the CEO & President traded S&P Global Inc shares for $405.28 each. Upon closing the transaction, the insider’s holdings decreased to 6,000 shares, worth approximately $78.81 million.
Analysts at Wolfe Research started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid September. As of June 15, 2023, BofA Securities has initiated its “Buy” rating for SPGI. Earlier on May 09, 2023, Wells Fargo initiated its rating. Their recommendation was “an Overweight” for SPGI stock.
Analyzing SPGI Stock Performance
During the last five days, there has been a drop of approximately -1.68%. Over the course of the year, S&P Global Inc shares have jumped approximately 9.34%. Shares of the company reached a 52-week high of $498.15 on 07/23/24 and a 52-week low of $407.69 on 04/25/24. A 50-day SMA is recorded $448.20, while a 200-day SMA reached $424.53. Nevertheless, trading volume fell to 1.09 million shares from 1.02 million shares the previous day.
Support And Resistance Levels for S&P Global Inc (SPGI)
According to the 24-hour chart, there is a support level at 475.72, which, if violated, would cause prices to drop to 469.78. In the upper region, resistance lies at 492.09. The next price resistance is at 502.51. RSI (Relative Strength Index) is 62.22 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 11.23, which suggests the price will increase in the coming days. Percent R is at 32.89%, indicating low price movement. Stochastics%K at selling indicates that the stock is to be held.
