Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. BGC Group Inc shares valued at $395,915 were sold by Richards David on Aug 09 ’24. At $9.02 per share, Richards David sold 43,893 shares. The insider’s holdings dropped to 14,506 shares worth approximately $0.13 million following the completion of this transaction.
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Also, Windeatt Sean A sold 118,449 shares, netting a total of over 1,036,429 in proceeds. Following the sale of shares at $8.75 each, the insider now holds 641,175 shares.
Before that, Windeatt Sean A had sold 40,000 shares from its account. In a trade valued at $349,200, the Chief Operating Officer traded BGC Group Inc shares for $8.73 each. Upon closing the transaction, the insider’s holdings decreased to 40,000 shares, worth approximately $6.58 million.
Analyzing BGC Stock Performance
During the last five days, there has been a drop of approximately -5.46%. Over the course of the year, BGC Group Inc shares have jumped approximately 19.94%. Shares of the company reached a 52-week high of $11.79 on 11/11/24 and a 52-week low of $6.57 on 01/05/24. A 50-day SMA is recorded $9.74, while a 200-day SMA reached $9.01. Nevertheless, trading volume fell to 3.62 million shares from 2.21 million shares the previous day.
Support And Resistance Levels for BGC Group Inc (BGC)
According to the 24-hour chart, there is a support level at 8.46, which, if violated, would cause prices to drop to 8.27. In the upper region, resistance lies at 8.96. The next price resistance is at 9.26. RSI (Relative Strength Index) is 27.83 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.35, which suggests the price will decrease in the coming days. Percent R is at 93.47%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
