BGC Group Inc’s recent filing unveils that its Director Richards David unloaded Company’s shares for reported $0.4 million on Aug 09 ’24. In the deal valued at $9.02 per share,43,893 shares were sold. As a result of this transaction, Richards David now holds 14,506 shares worth roughly $0.14 million.
Then, Windeatt Sean A sold 118,449 shares, generating $1,036,429 in total proceeds. Upon selling the shares at $8.75, the Chief Operating Officer now owns 641,175 shares.
BofA Securities initiated its BGC Group Inc [BGC] rating to a Buy in a research note published on February 25, 2025; the price target was $16.
Price Performance Review of BGC
On Monday, BGC Group Inc [NASDAQ:BGC] saw its stock jump 0.53% to $9.41. Over the last five days, the stock has gained 4.21%. BGC Group Inc shares have risen nearly 3.86% since the year began. Nevertheless, the stocks have risen 18.36% over the past one year. While a 52-week high of $11.79 was reached on 02/27/25, a 52-week low of $7.24 was recorded on 04/07/25. SMA at 50 days reached $8.98, while 200 days put it at $9.38.
Levels Of Support And Resistance For BGC Stock
The 24-hour chart illustrates a support level at 9.30, which if violated will result in even more drops to 9.19. On the upside, there is a resistance level at 9.52. A further resistance level may holdings at 9.62. The Relative Strength Index (RSI) on the 14-day chart is 60.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 10.10%. Stochastics %K at 87.30% indicates the stock is a selling.
How much short interest is there in BGC Group Inc?
A steep rise in short interest was recorded in BGC Group Inc stocks on 2025-04-15, dropping by -1.47 million shares to a total of 10.16 million shares. Yahoo Finance data shows the prior-month short interest on 2025-03-14 was 11.63 million shares. There was a decline of -14.5%, which implies that there is a negative sentiment for the stock.
