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 $0.16 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 $8.34 million.
Price Performance Review of BGC
On Tuesday, BGC Group Inc [NASDAQ:BGC] saw its stock fall -4.44% to $10.98. Over the last five days, the stock has gained 3.88%. BGC Group Inc shares have risen nearly 52.08% since the year began. Nevertheless, the stocks have risen 74.29% over the past one year. While a 52-week high of $11.79 was reached on 11/11/24, a 52-week low of $6.09 was recorded on 01/05/24. SMA at 50 days reached $9.72, while 200 days put it at $8.71.
Levels Of Support And Resistance For BGC Stock
The 24-hour chart illustrates a support level at 10.77, which if violated will result in even more drops to 10.55. On the upside, there is a resistance level at 11.37. A further resistance level may holdings at 11.75. The Relative Strength Index (RSI) on the 14-day chart is 65.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.08, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 29.45%. Stochastics %K at 85.93% 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 2024-10-31, growing by 1.35 million shares to a total of 9.85 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 8.5 million shares. There was a rise of 13.71%, which implies that there is a positive sentiment for the stock.
