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S&P Global Inc [SPGI] Investment Appeal on the Rise

S&P Global Inc’s recent filing unveils that its Director KELLY ROBERT P unloaded Company’s shares for reported $3.69 million on Aug 07 ’24. In the deal valued at $481.28 per share,7,662 shares were sold. As a result of this transaction, KELLY ROBERT P now holds 15,830 shares worth roughly $7.77 million.

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Then, CHEUNG MARTINA sold 6,796 shares, generating $3,294,037 in total proceeds. Upon selling the shares at $484.70, the President, S&P Global Ratings now owns 6,529 shares.

Before that, CHEUNG MARTINA bought 6,796 shares. S&P Global Inc shares valued at $3,294,050 were divested by the Officer at a price of $484.70 per share.

Evercore ISI initiated its S&P Global Inc [SPGI] rating to an Outperform in a research note published on October 02, 2024; the price target was $599. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in late September from “an Outperform” to “a Mkt perform”. Wells Fargo began covering SPGI with “an Overweight” recommendation on August 13, 2024.

Price Performance Review of SPGI

On Friday, S&P Global Inc [NYSE:SPGI] saw its stock fall -0.53% to $490.61. Over the last five days, the stock has lost -6.51%. S&P Global Inc shares have risen nearly 11.37% since the year began. Nevertheless, the stocks have risen 40.52% over the past one year. While a 52-week high of $533.29 was reached on 10/15/24, a 52-week low of $340.49 was recorded on 04/25/24. SMA at 50 days reached $513.38, while 200 days put it at $459.59.

Levels Of Support And Resistance For SPGI Stock

The 24-hour chart illustrates a support level at 486.52, which if violated will result in even more drops to 482.44. On the upside, there is a resistance level at 496.81. A further resistance level may holdings at 503.02. The Relative Strength Index (RSI) on the 14-day chart is 32.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -18.69, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.59%. Stochastics %K at 9.26% indicates the stock is a buying.

How much short interest is there in S&P Global Inc?

A steep rise in short interest was recorded in S&P Global Inc stocks on 2024-10-15, dropping by -0.23 million shares to a total of 3.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 3.8 million shares. There was a decline of -6.51%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on September 14, 2023 when Wolfe Research began covering the stock and recommended ‘”an Outperform”‘ rating along with a $453 price target.

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