In a filing, BGC Group Inc revealed its Director Richards David unloaded Company’s shares for reported $0.4 million on Aug 09 ’24. In the deal valued at $9.02 per share,43,893 shares were sold. As a result of this transaction, Richards David now holds 14,506 shares worth roughly $0.14 million.
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Then, Windeatt Sean A sold 118,449 shares, generating $1,036,429 in total proceeds. Upon selling the shares at $8.75, the Chief Operating Officer now owns 641,175 shares.
Before that, Windeatt Sean A sold 40,000 shares. BGC Group Inc shares valued at $349,200 were divested by the Chief Operating Officer at a price of $8.73 per share. As a result of the transaction, Windeatt Sean A now holds 759,624 shares, worth roughly $7.09 million.
Price Performance Review of BGC
On Tuesday, BGC Group Inc [NASDAQ:BGC] saw its stock jump 0.86% to $9.34. Over the last five days, the stock has lost -1.27%. BGC Group Inc shares have risen nearly 29.36% since the year began. Nevertheless, the stocks have risen 60.21% over the past one year. While a 52-week high of $10.02 was reached on 09/19/24, a 52-week low of $5.36 was recorded on 01/05/24. SMA at 50 days reached $9.54, while 200 days put it at $8.47.
Levels Of Support And Resistance For BGC Stock
The 24-hour chart illustrates a support level at 9.22, which if violated will result in even more drops to 9.10. On the upside, there is a resistance level at 9.42. A further resistance level may holdings at 9.50. The Relative Strength Index (RSI) on the 14-day chart is 46.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.11%. Stochastics %K at 23.87% indicates the stock is a holding.
How much short interest is there in BGC Group Inc?
A steep rise in short interest was recorded in BGC Group Inc stocks on 2024-09-30, dropping by 19826.0 shares to a total of 8.5 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 8.52 million shares. There was a decline of -0.23%, which implies that there is a negative sentiment for the stock.
