Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Carlyle Group Inc shares valued at $4,505,102 were purchased by CF UNITS LLC on Aug 23 ’24. At $40.25 per share, CF UNITS LLC acquired 111,928 shares.
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Also, CHRISTOPHER FINN purchased 488,072 shares, netting a total of over 19,644,898 in proceeds.
Before that, Carlyle Group Inc. had sold 74,134 shares from its account. In a trade valued at $3,078,980, the 10% Owner traded Carlyle Group Inc shares for $41.53 each. Upon closing the transaction, the insider’s holdings decreased to 74,134 shares, worth approximately $371.79 million.
As published in their initiating research note from Wells Fargo on September 12, 2024, Carlyle Group Inc [CG] has been an Equal weight and the price target has been revised to $42. Analysts at Redburn Atlantic started covering the stock with ‘”a Buy”‘ outlook in a report released in late August. As of August 06, 2024, JP Morgan has decreased its “an Overweight” rating to a “Neutral” for CG. Earlier on January 19, 2024, Citigroup downgraded its rating. Their new recommendation was “a Neutral” for CG stock which previously was a “a Buy”.
Analyzing CG Stock Performance
During the last five days, there has been a surge of approximately 5.19%. Over the course of the year, Carlyle Group Inc shares have jumped approximately 10.62%. Shares of the company reached a 52-week high of $50.92 on 07/31/24 and a 52-week low of $36.65 on 09/11/24. A 50-day SMA is recorded $41.64, while a 200-day SMA reached $42.72. Nevertheless, trading volume fell to 3.71 million shares from 1.81 million shares the previous day.
Support And Resistance Levels for Carlyle Group Inc (CG)
According to the 24-hour chart, there is a support level at 43.51, which, if violated, would cause prices to drop to 42.01. In the upper region, resistance lies at 45.78. The next price resistance is at 46.56. RSI (Relative Strength Index) is 66.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.72, which suggests the price will decrease in the coming days. Percent R is at 1.00%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
