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Taking a Closer Look At S&P Global Inc (SPGI) Following Its Recent Trade

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 13 ’24. In the deal valued at $503.85 per share,500 shares were sold. As a result of this transaction, Saha Saugata now holds 2,427 shares worth roughly $1.22 million.

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Then, Saha Saugata sold 500 shares, generating $249,660 in total proceeds. Upon selling the shares at $499.32, the President, Market Intelligence now owns 2,927 shares.

Before that, SAUGATA SAHA bought 2,000 shares. S&P Global Inc shares valued at $979,420 were divested by the Officer at a price of $489.71 per share.

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 fall -1.44% to $503.29. Over the last five days, the stock has gained 0.09%. S&P Global Inc shares have risen nearly 14.25% since the year began. Nevertheless, the stocks have risen 25.18% over the past one year. While a 52-week high of $533.29 was reached on 10/15/24, a 52-week low of $401.58 was recorded on 04/25/24. SMA at 50 days reached $510.49, while 200 days put it at $463.36.

Levels Of Support And Resistance For SPGI Stock

The 24-hour chart illustrates a support level at 499.97, which if violated will result in even more drops to 496.65. On the upside, there is a resistance level at 508.70. A further resistance level may holdings at 514.11. The Relative Strength Index (RSI) on the 14-day chart is 50.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 12.59, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 32.48%. Stochastics %K at 79.94% 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 2024-10-31, growing by 0.76 million shares to a total of 4.45 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.69 million shares. There was a rise of 17.14%, which implies that there is a positive 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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