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Stock Charts AI Power Rank: 9.5
Power Rank trend -> Rising
07/08/2024 10:41:00 EST
S&P Global Inc (SPGI)
Industry: Financial Data & Stock Exchanges
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, SPGI has been trading in a range between $448.91 and $428.74 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
SPGI is trading below resistance at $459.72, about 1% to the upside. There is support at $436.66 -4% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
S&P Global Inc $SPGI entered a Green zone 16 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $443.8, a potential down side of -2.09% from the recent price of 453.27. The stock is trading 1.31% (potential upside) below its 52 week high of $459.23 and 33.97 % (potential downside) above its 52 week low of $338.33 - based on the recent price.
Company Summary
S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, and S&P Dow Jones Indices segments.
News
| S&P Global Commodity Insights Launches World's First Daily Recycled Lithium Carbonate Price Assessments Complements Existing Suite of Asia, Europe and US Battery Metals & Black Mass Price Assessments SINGAPORE and NEW YORK and LONDON , July 8, 2024 /PRNewswire/ -- Platts, part of S&P Global Commodity Insights, the leading independent provider of information, data, analysis, benchmark prices and workflow solutions for the commodities, energy, battery metals and energy transition markets, has launched the world's first daily, spot market recycled lithium carbonate price assessments. As global attention shifts towards sustainability and energy transition, S&P Global Commodity Insights anticipates a substantial rise in the role of recycled lithium within the battery material supply chain well into the future. Source: PRNewsWire Mon, 08 Jul 2024 06:55:00 -0400 Sentiment: Neutral |
| S&P Dow Jones Indices Reports U.S. Common Indicated Dividend Payments Increase $16.0 Billion in Q2 2024 Driven by Alphabet Initiation Q2 2024 U.S. common dividend increases were $20.4 billion, down 10.0% from $22.7 billion in Q1 2024 and up 108% from $9.8 billion in Q2 2023. Q2 2024 U.S. common dividend decreases were $4.4 billion, down 34.4% from $6.7 billion in Q1 2024, and down 20.7% from $5.5 billion in Q2 2023. Source: PRNewsWire Wed, 03 Jul 2024 09:00:00 -0400 Sentiment: Neutral |
| S&P Global Schedules Second Quarter 2024 Earnings Announcement and Conference Call for Tuesday, July 30, 2024 NEW YORK , June 28, 2024 /PRNewswire/ -- S&P Global's (NYSE: SPGI) second quarter 2024 results will be issued on Tuesday, July 30, 2024 via news release at approximately 7:15 a.m. Eastern Daylight Time. Source: PRNewsWire Fri, 28 Jun 2024 16:00:00 -0400 Sentiment: Neutral |
| Protagonist Therapeutics Set to Join S&P SmallCap 600 NEW YORK , June 27, 2024 /PRNewswire/ -- Protagonist Therapeutics Inc. (NASD: PTGX) will replace Encore Wire Corp. (NASD: WIRE) in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, July 3. S&P Europe 350 constituent Prysmian SpA (MTAA: PRY) is acquiring Encore Wire in a deal expected to be completed soon pending final conditions. Source: PRNewsWire Thu, 27 Jun 2024 17:44:00 -0400 Sentiment: Neutral |
| S&P Global Ratings Appoints Yann Le Pallec as Next President NEW YORK , June 27, 2024 /PRNewswire/ -- S&P Global Ratings today announced that Yann Le Pallec, current Executive Managing Director and Head of Global Ratings Services of S&P Global Ratings, has been appointed President of S&P Global Ratings. In his new role, Mr. Source: PRNewsWire Thu, 27 Jun 2024 17:00:00 -0400 Sentiment: Neutral |
Technicals 52 Week Hi: 459.2308 52 Week Low: 338.3304 Beta: 1.157 50 Day MA: 433.3516 200 Day MA: 417.4031 Earnings / Revenue Trends Qtr Earnings Growth YOY: 0.279 Qtr Revenue Growth YOY: 0.105 Forward PE: 29.6736 Trailing PE: 51.1254