Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. S&P Global Inc shares valued at $3,687,567 were sold by KELLY ROBERT P on Aug 07 ’24. At $481.28 per share, KELLY ROBERT P sold 7,662 shares. The insider’s holdings dropped to 15,830 shares worth approximately $8.09 million following the completion of this transaction.
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Also, CHEUNG MARTINA sold 6,796 shares, netting a total of over 3,294,037 in proceeds. Following the sale of shares at $484.70 each, the insider now holds 6,529 shares.
Before that, CHEUNG MARTINA had added 6,796 shares to its account. In a trade valued at $3,294,050, the Officer bought S&P Global Inc shares for $484.70 each.
As published in their initiating research note from Evercore ISI on October 02, 2024, S&P Global Inc [SPGI] has been an Outperform and the price target has been revised to $599. Analysts at Raymond James downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in late September. As of August 13, 2024, Wells Fargo has initiated its “an Overweight” rating for SPGI.
Analyzing SPGI Stock Performance
During the last five days, there has been a drop of approximately -3.42%. Over the course of the year, S&P Global Inc shares have jumped approximately 15.98%. Shares of the company reached a 52-week high of $533.29 on 10/15/24 and a 52-week low of $407.69 on 04/25/24. A 50-day SMA is recorded $513.42, while a 200-day SMA reached $458.99. Nevertheless, trading volume fell to 1.02 million shares from 1.32 million shares the previous day.
Support And Resistance Levels for S&P Global Inc (SPGI)
According to the 24-hour chart, there is a support level at 508.83, which, if violated, would cause prices to drop to 506.73. In the upper region, resistance lies at 513.78. The next price resistance is at 516.64. RSI (Relative Strength Index) is 44.62 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.54, which suggests the price will decrease in the coming days. Percent R is at 79.47%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
