Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. GCM Grosvenor Inc shares valued at $53,635 were sold by SULLIVAN KATHLEEN PATRICIA on Sep 09 ’24. At $10.73 per share, SULLIVAN KATHLEEN PATRICIA sold 5,000 shares. The insider’s holdings dropped to 47,307 shares worth approximately $0.64 million following the completion of this transaction.
As published in a research note from Piper Sandler on December 23, 2024, GCM Grosvenor Inc [GCMG] has been rated up from a Neutral to an Overweight and the price target has been revised to $14 from $12.50. Analysts at TD Cowen downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid November. As of February 16, 2024, TD Cowen has increased its “Market perform” rating to a “an Outperform” for GCMG. Earlier on January 04, 2024, TD Cowen initiated its rating. Their recommendation was “a Market perform” for GCMG stock.
Analyzing GCMG Stock Performance
During the last five days, there has been a surge of approximately 4.18%. Over the course of the year, GCM Grosvenor Inc shares have jumped approximately 9.70%. Shares of the company reached a 52-week high of $13.55 on 01/23/25 and a 52-week low of $12.30 on 01/02/25. A 50-day SMA is recorded $12.37, while a 200-day SMA reached $10.95. Nevertheless, trading volume fell to 0.72 million shares from 0.41 million shares the previous day.
Support And Resistance Levels for GCM Grosvenor Inc (GCMG)
According to the 24-hour chart, there is a support level at 13.34, which, if violated, would cause prices to drop to 13.21. In the upper region, resistance lies at 13.57. The next price resistance is at 13.67. RSI (Relative Strength Index) is 72.74 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.49, which suggests the price will decrease in the coming days. Percent R is at 7.20%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
