The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. S&P Global Inc shares valued at $249,660 were sold by Saha Saugata on Nov 06 ’24. At $499.32 per share, Saha Saugata sold 500 shares. The insider’s holdings dropped to 2,927 shares worth approximately $1.49 million following the completion of this transaction.
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Also, SAUGATA SAHA purchased 2,000 shares, netting a total of over 979,420 in proceeds.
Before that, KELLY ROBERT P had sold 7,662 shares from its account. In a trade valued at $3,687,567, the Director traded S&P Global Inc shares for $481.28 each. Upon closing the transaction, the insider’s holdings decreased to 7,662 shares, worth approximately $8.08 million.
As published in their initiating research note from Evercore ISI on October 02, 2024, S&P Global Inc [SPGI] has been an Outperform and the price target has been revised to $599. Analysts at Raymond James downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in late September. As of August 13, 2024, Wells Fargo has initiated its “an Overweight” rating for SPGI.
Analyzing SPGI Stock Performance
During the last five days, there has been a surge of approximately 4.14%. Over the course of the year, S&P Global Inc shares have jumped approximately 15.84%. Shares of the company reached a 52-week high of $533.29 on 10/15/24 and a 52-week low of $407.69 on 04/25/24. A 50-day SMA is recorded $510.76, while a 200-day SMA reached $462.82. Nevertheless, trading volume fell to 1.06 million shares from 1.04 million shares the previous day.
Support And Resistance Levels for S&P Global Inc (SPGI)
According to the 24-hour chart, there is a support level at 503.95, which, if violated, would cause prices to drop to 497.61. In the upper region, resistance lies at 516.21. The next price resistance is at 522.14. RSI (Relative Strength Index) is 56.81 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 14.11, which suggests the price will increase in the coming days. Percent R is at 14.30%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
