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.
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 $0.97 million.
As published in their initiating research note from Citigroup on December 20, 2024, S&P Global Inc [SPGI] has been a Buy and the price target has been revised to $600. Analysts at Evercore ISI started covering the stock with ‘”an Outperform”‘ outlook in a report released in early October. As of September 23, 2024, Raymond James has decreased its “an Outperform” rating to a “Mkt perform” for SPGI. Earlier on August 13, 2024, Wells Fargo initiated its rating. Their recommendation was “an Overweight” for SPGI stock.
Analyzing SPGI Stock Performance
During the last five days, there has been a surge of approximately 1.88%. Over the course of the year, S&P Global Inc shares have jumped approximately 1.43%. Shares of the company reached a 52-week high of $506.11 on 01/16/25 and a 52-week low of $478.60 on 01/13/25. A 50-day SMA is recorded $503.61, while a 200-day SMA reached $478.38. Nevertheless, trading volume fell to 1.21 million shares from 1.97 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 499.37, which, if violated, would cause prices to drop to 493.57. In the upper region, resistance lies at 508.53. The next price resistance is at 511.90. RSI (Relative Strength Index) is 55.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.34, which suggests the price will decrease in the coming days. Percent R is at 5.01%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
