The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. S&P Global Inc shares valued at $668,996 were purchased by Manis Dimitra on Dec 12 ’24. At $517.40 per share, Manis Dimitra acquired 1,293 shares.
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Also, Saha Saugata sold 500 shares, netting a total of over 261,500 in proceeds. Following the sale of shares at $523.00 each, the insider now holds 1,427 shares.
Before that, Saha Saugata had sold 500 shares from its account. In a trade valued at $251,800, the President, Market Intelligence traded S&P Global Inc shares for $503.60 each. Upon closing the transaction, the insider’s holdings decreased to 500 shares, worth approximately $0.94 million.
As published in their initiating research note from Evercore ISI on October 02, 2024, S&P Global Inc [SPGI] has been an Outperform and the price target has been revised to $599. Analysts at Raymond James downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in late September. As of August 13, 2024, Wells Fargo has initiated its “an Overweight” rating for SPGI.
Analyzing SPGI Stock Performance
During the last five days, there has been a drop of approximately -5.13%. Over the course of the year, S&P Global Inc shares have jumped approximately 10.45%. Shares of the company reached a 52-week high of $533.29 on 10/15/24 and a 52-week low of $407.69 on 04/25/24. A 50-day SMA is recorded $507.52, while a 200-day SMA reached $472.33. Nevertheless, trading volume fell to 1.48 million shares from 1.27 million shares the previous day.
Support And Resistance Levels for S&P Global Inc (SPGI)
According to the 24-hour chart, there is a support level at 483.02, which, if violated, would cause prices to drop to 479.48. In the upper region, resistance lies at 492.80. The next price resistance is at 499.04. RSI (Relative Strength Index) is 29.62 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -17.06, which suggests the price will decrease in the coming days. Percent R is at 98.01%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
