Carlyle Group Inc’s recently made public that its 10% Owner Carlyle Group Inc. unloaded Company’s shares for reported $0.58 million on Oct 17 ’24. In the deal valued at $2.33 per share,250,000 shares were sold. As a result of this transaction, Carlyle Group Inc. now holds 2,155,461 shares worth roughly $107.23 million.
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Then, Carlyle Group Inc. sold 275,000 shares, generating $603,790 in total proceeds. Upon selling the shares at $2.20, the 10% Owner now owns 2,405,461 shares.
Before that, Carlyle Group Inc. sold 225,000 shares. Carlyle Group Inc shares valued at $475,920 were divested by the 10% Owner at a price of $2.12 per share. As a result of the transaction, Carlyle Group Inc. now holds 2,680,461 shares, worth roughly $133.35 million.
Wells Fargo initiated its Carlyle Group Inc [CG] rating to an Equal weight in a research note published on September 12, 2024; the price target was $42. A number of analysts have revised their coverage, including Redburn Atlantic’s analysts, who began to cover the stock in late August with a ‘”a Buy”‘ rating. JP Morgan also remained covering CG and has decreased its forecast on August 06, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. Citigroup revised its rating on January 19, 2024. It rated CG as “a Neutral” which previously was an “a Buy”.
Price Performance Review of CG
On Tuesday, Carlyle Group Inc [NASDAQ:CG] saw its stock fall -3.08% to $49.75. Over the last five days, the stock has gained 2.37%. Carlyle Group Inc shares have risen nearly 22.27% since the year began. Nevertheless, the stocks have risen 79.41% over the past one year. While a 52-week high of $52.73 was reached on 10/18/24, a 52-week low of $27.13 was recorded on 09/11/24. SMA at 50 days reached $42.95, while 200 days put it at $43.25.
Levels Of Support And Resistance For CG Stock
The 24-hour chart illustrates a support level at 49.29, which if violated will result in even more drops to 48.82. On the upside, there is a resistance level at 50.66. A further resistance level may holdings at 51.56. The Relative Strength Index (RSI) on the 14-day chart is 65.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.66, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 29.96%. Stochastics %K at 83.87% indicates the stock is a selling.
How much short interest is there in Carlyle Group Inc?
A steep rise in short interest was recorded in Carlyle Group Inc stocks on 2024-09-30, growing by 1.04 million shares to a total of 17.04 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 16.0 million shares. There was a rise of 6.12%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on January 04, 2024 when TD Cowen began covering the stock and recommended ‘”a Market perform”‘ rating along with a $42 price target.
