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 $163,610 were sold by Fitzpatrick Lynne on Sep 15 ’24. At $216.99 per share, Fitzpatrick Lynne sold 754 shares. The insider’s holdings dropped to 13,261 shares worth approximately $2.85 million following the completion of this transaction.
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Also, Durkin Bryan T sold 7,593 shares, netting a total of over 1,629,382 in proceeds. Following the sale of shares at $214.59 each, the insider now holds 55,607 shares.
Before that, Durkin Bryan T had added 7,593 shares to its account. In a trade valued at $1,621,257, the Officer bought CME Group Inc shares for $213.52 each.
As published in a research note from BofA Securities on September 03, 2024, CME Group Inc [CME] has been rated down from a Neutral to an Underperform and the price target has been revised to $177 from $212. Analysts at JP Morgan downgraded the stock from ‘”a Neutral”‘ to ‘”an Underweight”‘ outlook in a report released in late June. As of January 08, 2024, Barclays has decreased its “an Overweight” rating to a “an Equal weight” for CME. Earlier on January 03, 2024, Goldman downgraded its rating. Their new recommendation was “a Sell” for CME stock which previously was a “a Neutral”.
Analyzing CME Stock Performance
During the last five days, there has been a drop of approximately -1.17%. Over the course of the year, CME Group Inc shares have jumped approximately 1.98%. 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 $207.06, while a 200-day SMA reached $207.98. Nevertheless, trading volume fell to 2.74 million shares from 1.87 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 213.86, which, if violated, would cause prices to drop to 212.96. In the upper region, resistance lies at 216.38. The next price resistance is at 218.01. RSI (Relative Strength Index) is 53.48 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.87, which suggests the price will decrease in the coming days. Percent R is at 47.43%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.