Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 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 $2.9 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 their initiating research note from TD Cowen on September 26, 2024, CME Group Inc [CME] has been a Hold and the price target has been revised to $221. Analysts at BofA Securities downgraded the stock from ‘”a Neutral”‘ to ‘”an Underperform”‘ outlook in a report released in early September. As of June 21, 2024, JP Morgan has decreased its “Neutral” rating to a “an Underweight” for CME. Earlier on January 08, 2024, Barclays downgraded its rating. Their new recommendation was “an Equal weight” for CME stock which previously was a “an Overweight”.
Analyzing CME Stock Performance
During the last five days, there has been a surge of approximately 1.73%. Over the course of the year, CME Group Inc shares have jumped approximately 3.74%. 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 $209.03, while a 200-day SMA reached $208.02. Nevertheless, trading volume fell to 2.05 million shares from 1.97 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 217.15, which, if violated, would cause prices to drop to 215.82. In the upper region, resistance lies at 219.39. The next price resistance is at 220.30. RSI (Relative Strength Index) is 60.06 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.85, which suggests the price will decrease in the coming days. Percent R is at 30.05%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
