Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Cushman & Wakefield plc shares valued at $188,078,011 were sold by TPG GP A, LLC on May 22 ’24. At $11.00 per share, TPG GP A, LLC sold 17,098,001 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Robinson Nathaniel sold 40,000 shares, netting a total of over 399,600 in proceeds. Following the sale of shares at $9.99 each, the insider now holds 40,427 shares.
Before that, TPG GP A, LLC had sold 7,734,954 shares from its account. In a trade valued at $75,338,452, the 10% Owner traded Cushman & Wakefield plc shares for $9.74 each. Upon closing the transaction, the insider’s holdings decreased to 7,734,954 shares, worth approximately $250.14 million.
As published in their initiating research note from Jefferies on April 10, 2024, Cushman & Wakefield plc [CWK] has been a Buy and the price target has been revised to $13. Analysts at Wolfe Research downgraded the stock from ‘”an Outperform”‘ to ‘”a Peer perform”‘ outlook in a report released in early April. As of April 03, 2024, Raymond James has decreased its “Strong buy” rating to a “an Outperform” for CWK. Earlier on December 08, 2023, Wolfe Research upgraded its rating. Their new recommendation was “an Outperform” for CWK stock which previously was a “a Peer perform”.
Analyzing CWK Stock Performance
During the last five days, there has been a surge of approximately 7.73%. Over the course of the year, Cushman & Wakefield plc shares have jumped approximately 35.46%. Shares of the company reached a 52-week high of $16.11 on 11/06/24 and a 52-week low of $9.24 on 04/18/24. A 50-day SMA is recorded $13.16, while a 200-day SMA reached $11.40. Nevertheless, trading volume fell to 4.87 million shares from 6.62 million shares the previous day.
Support And Resistance Levels for Cushman & Wakefield plc (CWK)
According to the 24-hour chart, there is a support level at 13.98, which, if violated, would cause prices to drop to 13.34. In the upper region, resistance lies at 15.69. The next price resistance is at 16.76. RSI (Relative Strength Index) is 63.37 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.80, which suggests the price will decrease in the coming days. Percent R is at 41.93%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
