Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. CME Group Inc shares valued at $61,245 were purchased by SHEPARD WILLIAM R on Sep 25 ’24. At $218.50 per share, SHEPARD WILLIAM R acquired 280 shares. The insider’s holdings grew to 255,172 shares worth approximately $57.98 million following the completion of this transaction.
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Also, SHEPARD WILLIAM R purchased 12 shares, netting a total of over 2,700 in proceeds. Following the buying of shares at $218.50 each, the insider now holds 2,360 shares.
Before that, Fitzpatrick Lynne had sold 754 shares from its account. In a trade valued at $163,610, the Sr MD Chief Financial Officer traded CME Group Inc shares for $216.99 each. Upon closing the transaction, the insider’s holdings decreased to 754 shares, worth approximately $3.01 million.
As published in a research note from Redburn Atlantic on October 08, 2024, CME Group Inc [CME] has been rated down from a Buy to a Neutral and the price target has been revised to $244. Analysts at RBC Capital Mkts started covering the stock with ‘”a Sector perform”‘ outlook in a report released in late September. As of September 26, 2024, TD Cowen has initiated its “Hold” rating for CME. Earlier on September 03, 2024, BofA Securities downgraded its rating. Their new recommendation was “an Underperform” for CME stock which previously was a “a Neutral”.
Analyzing CME Stock Performance
During the last five days, there has been a surge of approximately 2.70%. Over the course of the year, CME Group Inc shares have jumped approximately 7.90%. Shares of the company reached a 52-week high of $230.12 on 10/17/24 and a 52-week low of $190.70 on 06/18/24. A 50-day SMA is recorded $216.27, while a 200-day SMA reached $208.87. Nevertheless, trading volume fell to 1.82 million shares from 1.25 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 226.03, which, if violated, would cause prices to drop to 224.83. In the upper region, resistance lies at 229.27. The next price resistance is at 231.32. RSI (Relative Strength Index) is 69.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.87, which suggests the price will increase in the coming days. Percent R is at 22.42%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
