CME Group (CME) has risen sharply, recording gains of 1.94% in the past 4 weeks. However, the stock has corrected -0.71% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.9% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 1.16% and the 50-Day Moving Average is 5.05%. CME Group (NASDAQ:CME): stock turned positive on Friday. Though the stock opened at $102.94, the bulls momentum made the stock top out at $103.86 level for the day. The stock recorded a low of $102.86 and closed the trading day at $103.81, in the green by 0.47%. The total traded volume for the day was 834,590. The stock had closed at $103.32 in the previous days trading.
The company Insiders own 0.61% of CME Group shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -7.52% . Institutional Investors own 77.5% of CME Group shares. During last six month period, the net percent change held by insiders has seen a change of -9.62%. Also, In a research note released to the investors, Deutsche Bank maintains its rating on CME Group (NASDAQ:CME).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Deutsche Bank raises the new price target from $111 per share to $112 per share. The rating by the firm was issued on August 5, 2016.
CME Group Inc.is the holding company for Chicago Mercantile Exchange Inc., CBOT, New York Mercantile Exchange, Inc. (NYMEX), Commodity Exchange, Inc. (COMEX) and their respective subsidiaries, as well as CME Clearing Europe Limited (CMECE) and CME Europe Limited (CME Europe). The Company also clear futures, options on futures and swaps contracts through its two clearing organizations: CME Clearing, which is a division of CME, and CMECE. The Company offers its customers the opportunity to trade futures contracts and options on futures contracts on a range of products, including those -based on interest rates, equities, foreign exchange, agricultural commodities, energy and metals. It also clear swaps contracts on a range of products, including those -based on interest rates, credit default, foreign exchange, agricultural commodities, energy and metals. Its exchange consists of designated contract markets for the trading of futures and options on futures contracts.