In the meantime, Goldman initiated its Newmark Group Inc [NMRK] rating to a Buy in a research note published on December 06, 2024; the price target was $19. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who decreased its forecast for the stock in late November from “an Outperform” to “a Peer perform”. Keefe Bruyette also remained covering NMRK and has increased its forecast on September 05, 2024 with a “an Outperform” recommendation from previously “Mkt perform” rating. Wolfe Research revised its rating on August 16, 2024. It rated NMRK as “an Outperform” which previously was an “a Peer perform”.
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Price Performance Review of NMRK
On Friday, Newmark Group Inc [NASDAQ:NMRK] saw its stock fall -2.56% to $14.48. Over the last five days, the stock has lost -8.18%. Newmark Group Inc shares have risen nearly 32.12% since the year began. Nevertheless, the stocks have risen 55.53% over the past one year. While a 52-week high of $16.10 was reached on 09/27/24, a 52-week low of $8.65 was recorded on 01/17/24. SMA at 50 days reached $15.06, while 200 days put it at $12.44.
Levels Of Support And Resistance For NMRK Stock
The 24-hour chart illustrates a support level at 14.30, which if violated will result in even more drops to 14.12. On the upside, there is a resistance level at 14.74. A further resistance level may holdings at 15.01. The Relative Strength Index (RSI) on the 14-day chart is 39.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.46, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.40%. Stochastics %K at 20.17% indicates the stock is a holding.
How much short interest is there in Newmark Group Inc?
A steep rise in short interest was recorded in Newmark Group Inc stocks on 2024-11-29, growing by 0.68 million shares to a total of 5.05 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 4.37 million shares. There was a rise of 13.41%, which implies that there is a positive sentiment for the stock.