In a filing, Carlyle Group Inc revealed its 10% Owner Carlyle Group Inc. unloaded Company’s shares for reported $57030.0 on Dec 02 ’24. In the deal valued at $2.01 per share,28,438 shares were sold. As a result of this transaction, Carlyle Group Inc. now holds 1,992,427 shares worth roughly $100.66 million.
Then, Carlyle Group Inc. sold 73,986 shares, generating $149,111 in total proceeds. Upon selling the shares at $2.02, the 10% Owner now owns 2,077,374 shares.
Before that, Carlyle Group Inc. sold 56,509 shares. Carlyle Group Inc shares valued at $114,843 were divested by the 10% Owner at a price of $2.03 per share. As a result of the transaction, Carlyle Group Inc. now holds 2,020,865 shares, worth roughly $102.09 million.
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 Monday, Carlyle Group Inc [NASDAQ:CG] saw its stock fall -0.69% to $50.52. Over the last five days, the stock has gained 0.60%. Carlyle Group Inc shares have risen nearly 24.16% since the year began. Nevertheless, the stocks have risen 21.15% over the past one year. While a 52-week high of $55.11 was reached on 11/25/24, a 52-week low of $36.65 was recorded on 09/11/24. SMA at 50 days reached $51.64, while 200 days put it at $45.30.
Levels Of Support And Resistance For CG Stock
The 24-hour chart illustrates a support level at 49.61, which if violated will result in even more drops to 48.70. On the upside, there is a resistance level at 51.17. A further resistance level may holdings at 51.82. The Relative Strength Index (RSI) on the 14-day chart is 45.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.79%. Stochastics %K at 39.78% indicates the stock is a holding.
How much short interest is there in Carlyle Group Inc?
A steep rise in short interest was recorded in Carlyle Group Inc stocks on 2024-12-13, dropping by -0.86 million shares to a total of 9.76 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 10.62 million shares. There was a decline of -8.81%, 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.
