Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. GCM Grosvenor Inc shares valued at $53,635 were sold by SULLIVAN KATHLEEN PATRICIA on Sep 09 ’24. At $10.73 per share, SULLIVAN KATHLEEN PATRICIA sold 5,000 shares. The insider’s holdings dropped to 47,307 shares worth approximately $0.59 million following the completion of this transaction.
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Also, Bentley Pamela L sold 25,000 shares, netting a total of over 220,235 in proceeds. Following the sale of shares at $8.81 each, the insider now holds 28,014 shares.
Before that, Bentley Pamela L had sold 25,000 shares from its account. In a trade valued at $218,982, the Chief Financial Officer traded GCM Grosvenor Inc shares for $8.76 each. Upon closing the transaction, the insider’s holdings decreased to 25,000 shares, worth approximately $0.66 million.
As published in a research note from TD Cowen on November 11, 2024, GCM Grosvenor Inc [GCMG] has been rated down from a Buy to a Hold and the price target has been revised to $12.50 from $13.50. Analysts at TD Cowen upgraded the stock from ‘”a Market perform”‘ to ‘”an Outperform”‘ outlook in a report released in mid February. As of January 04, 2024, TD Cowen has initiated its “Market perform” rating for GCMG.
Analyzing GCMG Stock Performance
During the last five days, there has been a surge of approximately 6.97%. Over the course of the year, GCM Grosvenor Inc shares have jumped approximately 38.73%. Shares of the company reached a 52-week high of $12.48 on 11/20/24 and a 52-week low of $8.05 on 02/13/24. A 50-day SMA is recorded $11.52, while a 200-day SMA reached $10.20. Nevertheless, trading volume fell to 0.54 million shares from 0.35 million shares the previous day.
Support And Resistance Levels for GCM Grosvenor Inc (GCMG)
According to the 24-hour chart, there is a support level at 12.12, which, if violated, would cause prices to drop to 11.81. In the upper region, resistance lies at 12.61. The next price resistance is at 12.78. RSI (Relative Strength Index) is 65.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.27, which suggests the price will decrease in the coming days. Percent R is at 2.88%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
