Cushman & Wakefield plc’s recently made public that its Former 10% Owner TPG GP A, LLC unloaded Company’s shares for reported $188.08 million on May 22 ’24. In the deal valued at $11.00 per share,17,098,001 shares were sold. As a result of this transaction, TPG GP A, LLC now holds 0 shares worth roughly $0.0.
Then, Robinson Nathaniel sold 40,000 shares, generating $399,600 in total proceeds. Upon selling the shares at $9.99, the insider now owns 40,427 shares.
Before that, TPG GP A, LLC sold 7,734,954 shares. Cushman & Wakefield plc shares valued at $75,338,452 were divested by the 10% Owner at a price of $9.74 per share. As a result of the transaction, TPG GP A, LLC now holds 17,098,001 shares, worth roughly $210.13 million.
Jefferies downgraded its Cushman & Wakefield plc [CWK] rating to a Hold from a a Buy in a research note published on January 02, 2025; the price target was decreased to $14 from $18. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in early December with a ‘”a Sell”‘ rating. Jefferies began covering CWK with “Buy” recommendation on April 10, 2024. Wolfe Research revised its rating on April 09, 2024. It rated CWK as “a Peer perform” which previously was an “an Outperform”.
Price Performance Review of CWK
On Tuesday, Cushman & Wakefield plc [NYSE:CWK] saw its stock fall -4.36% to $12.29. Over the last five days, the stock has lost -5.61%. Cushman & Wakefield plc shares have fallen nearly -6.04% since the year began. Nevertheless, the stocks have risen 24.02% over the past one year. While a 52-week high of $16.11 was reached on 01/02/25, a 52-week low of $9.24 was recorded on 01/07/25. SMA at 50 days reached $14.14, while 200 days put it at $12.24.
Levels Of Support And Resistance For CWK Stock
The 24-hour chart illustrates a support level at 12.04, which if violated will result in even more drops to 11.80. On the upside, there is a resistance level at 12.76. A further resistance level may holdings at 13.23. The Relative Strength Index (RSI) on the 14-day chart is 29.48, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.47, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.08%. Stochastics %K at 7.30% indicates the stock is a buying.
How much short interest is there in Cushman & Wakefield plc?
A steep rise in short interest was recorded in Cushman & Wakefield plc stocks on 2024-12-13, growing by 0.28 million shares to a total of 14.95 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 14.68 million shares. There was a rise of 1.84%, which implies that there is a positive sentiment for the stock.
