KD Logo

Carlyle Group Inc (CG) gets rating Initiated from Wells Fargo

In a filing, Carlyle Group Inc revealed its 10% Owner Carlyle Group Inc. unloaded Company’s shares for reported $291.7 million on Nov 21 ’24. In the deal valued at $35.31 per share,8,260,183 shares were sold. As a result of this transaction, Carlyle Group Inc. now holds 0 shares worth roughly $0.0.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Then, D’Aniello Daniel A. sold 495,542 shares, generating $25,536,924 in total proceeds. Upon selling the shares at $51.53, the Director now owns 0 shares.

Before that, Daniel A. D’Aniello bought 495,542 shares. Carlyle Group Inc shares valued at $26,382,656 were divested by the Co-Founder and Chariman Emerit at a price of $53.24 per share.

Wells Fargo initiated its Carlyle Group Inc [CG] rating to an Equal weight in a research note published on September 12, 2024; the price target was $42. A number of analysts have revised their coverage, including Redburn Atlantic’s analysts, who began to cover the stock in late August with a ‘”a Buy”‘ rating. JP Morgan also remained covering CG and has decreased its forecast on August 06, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. Citigroup revised its rating on January 19, 2024. It rated CG as “a Neutral” which previously was an “a Buy”.

Price Performance Review of CG

On Tuesday, Carlyle Group Inc [NASDAQ:CG] saw its stock fall -1.60% to $53.52. Over the last five days, the stock has gained 4.65%. Carlyle Group Inc shares have risen nearly 31.53% since the year began. Nevertheless, the stocks have risen 63.07% over the past one year. While a 52-week high of $55.11 was reached on 11/25/24, a 52-week low of $32.23 was recorded on 09/11/24. SMA at 50 days reached $48.80, while 200 days put it at $44.59.

Levels Of Support And Resistance For CG Stock

The 24-hour chart illustrates a support level at 53.16, which if violated will result in even more drops to 52.80. On the upside, there is a resistance level at 54.10. A further resistance level may holdings at 54.68. The Relative Strength Index (RSI) on the 14-day chart is 61.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.66, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 29.66%. Stochastics %K at 80.29% indicates the stock is a selling.

How much short interest is there in Carlyle Group Inc?

A steep rise in short interest was recorded in Carlyle Group Inc stocks on 2024-11-15, dropping by -4.99 million shares to a total of 10.62 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 15.61 million shares. There was a decline of -47.03%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on January 04, 2024 when TD Cowen began covering the stock and recommended ‘”a Market perform”‘ rating along with a $42 price target.

Most Popular