BGC Group Inc’s recent filing unveils that 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 $0.15 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 $8.03 million.
Price Performance Review of BGC
On Tuesday, BGC Group Inc [NASDAQ:BGC] saw its stock jump 4.34% to $10.57. Over the last five days, the stock has gained 11.97%. BGC Group Inc shares have risen nearly 46.40% since the year began. Nevertheless, the stocks have risen 73.00% over the past one year. While a 52-week high of $10.18 was reached on 11/05/24, a 52-week low of $6.02 was recorded on 01/05/24. SMA at 50 days reached $9.57, while 200 days put it at $8.61.
Levels Of Support And Resistance For BGC Stock
The 24-hour chart illustrates a support level at 10.27, which if violated will result in even more drops to 9.97. On the upside, there is a resistance level at 10.75. A further resistance level may holdings at 10.93. The Relative Strength Index (RSI) on the 14-day chart is 70.40, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.68, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 3.59%. Stochastics %K at 94.36% indicates the stock is a selling.
How much short interest is there in BGC Group Inc?
A steep rise in short interest was recorded in BGC Group Inc stocks on 2024-10-15, growing by 0.98 million shares to a total of 9.46 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 8.48 million shares. There was a rise of 10.36%, which implies that there is a positive sentiment for the stock.
