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Recent Insider Activity Could Benefit S&P Global Inc (SPGI)

In a filing, S&P Global Inc revealed its President, Market Intelligence Saha Saugata unloaded Company’s shares for reported $0.25 million on Nov 06 ’24. In the deal valued at $499.32 per share,500 shares were sold. As a result of this transaction, Saha Saugata now holds 2,927 shares worth roughly $1.47 million.

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Then, SAUGATA SAHA bought 2,000 shares, generating $979,420 in total proceeds.

Before that, KELLY ROBERT P sold 7,662 shares. S&P Global Inc shares valued at $3,687,567 were divested by the Director at a price of $481.28 per share. As a result of the transaction, KELLY ROBERT P now holds 15,830 shares, worth roughly $7.96 million.

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 jump 1.15% to $502.82. Over the last five days, the stock has gained 4.04%. S&P Global Inc shares have risen nearly 14.14% since the year began. Nevertheless, the stocks have risen 30.14% over the past one year. While a 52-week high of $533.29 was reached on 10/15/24, a 52-week low of $382.12 was recorded on 04/25/24. SMA at 50 days reached $511.09, while 200 days put it at $461.97.

Levels Of Support And Resistance For SPGI Stock

The 24-hour chart illustrates a support level at 497.54, which if violated will result in even more drops to 492.27. On the upside, there is a resistance level at 507.79. A further resistance level may holdings at 512.77. The Relative Strength Index (RSI) on the 14-day chart is 51.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.98, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 39.34%. Stochastics %K at 42.90% indicates the stock is a holding.

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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