Meanwhile, Keefe Bruyette upgraded its Newmark Group Inc [NMRK] rating to an Outperform from a a Mkt perform in a research note published on September 05, 2024; the price target was increased to $16.50 from $13.50. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who increased its forecast for the stock in mid August from “a Peer perform” to “an Outperform”. Piper Sandler also remained covering NMRK and has increased its forecast on December 20, 2023 with a “an Overweight” recommendation from previously “Neutral” rating. Raymond James revised its rating on October 04, 2023. It rated NMRK as “a Mkt perform” which previously was an “an Outperform”.
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Price Performance Review of NMRK
On Tuesday, Newmark Group Inc [NASDAQ:NMRK] saw its stock fall -0.07% to $14.64. Over the last five days, the stock has lost -6.27%. Newmark Group Inc shares have risen nearly 33.58% since the year began. Nevertheless, the stocks have risen 148.56% over the past one year. While a 52-week high of $16.10 was reached on 09/27/24, a 52-week low of $5.09 was recorded on 01/17/24. SMA at 50 days reached $13.91, while 200 days put it at $11.33.
Levels Of Support And Resistance For NMRK Stock
The 24-hour chart illustrates a support level at 14.54, which if violated will result in even more drops to 14.44. On the upside, there is a resistance level at 14.78. A further resistance level may holdings at 14.92. The Relative Strength Index (RSI) on the 14-day chart is 47.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.66, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.29%. Stochastics %K at 9.80% indicates the stock is a buying.
How much short interest is there in Newmark Group Inc?
A steep rise in short interest was recorded in Newmark Group Inc stocks on 2024-09-13, growing by 1.41 million shares to a total of 4.0 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 2.59 million shares. There was a rise of 35.3%, which implies that there is a positive sentiment for the stock.
