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Cushman & Wakefield plc (CWK) Is Down -11.30% in 2024 With Lots of Room to Run

Cushman & Wakefield plc (NYSE: CWK) is -11.30% lower on its value in year-to-date trading and has touched a low of $6.24 and a high of $11.76 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CWK stock was last observed hovering at around $9.88 in the last trading session, with the day’s loss setting it -0.3%.

Currently trading at $9.58, the stock is -5.59% and -5.56% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.29 million and changing -3.04% at the moment leaves the stock 4.15% off its SMA200. CWK registered -1.03% loss for a year compared to 6-month gain of 26.39%.

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The stock witnessed a -1.44% loss in the last 1 month and extending the period to 3 months gives it a -3.52%, and is -12.75% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.72% over the week and 3.41% over the month.

Cushman & Wakefield plc (CWK) has around 52000 employees, a market worth around $2.18B and $9.49B in sales. Fwd P/E is 7.65. Profit margin for the company is -0.37%. Distance from 52-week low is 53.53% and -18.54% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.69%).

The EPS is expected to grow by 17.75% this year.

Cushman & Wakefield plc (CWK) Top Institutional Holders

The shares outstanding are 227.28M, and float is at 207.39M with Short Float at 5.83%.

Cushman & Wakefield plc (CWK) Insider Activity

The most recent transaction is an insider sale by TPG GP A, LLC,the company’s10% Owner. SEC filings show that TPG GP A, LLC sold 7,734,954 shares of the company’s common stock on Feb 29 ’24 at a price of $9.74 per share for a total of $75.34 million. Following the sale, the insider now owns 17.1 million shares.

Cushman & Wakefield plc disclosed in a document filed with the SEC on Feb 29 ’24 that Robinson Nathanielsold a total of 40,000 shares of the company’s common stock. The trade occurred on Feb 29 ’24 and was made at $9.99 per share for $0.4 million. Following the transaction, the insider now directly holds 40427.0 shares of the CWK stock.

Still, SEC filings show that on Dec 08 ’23, Robinson Nathaniel () disposed off 20,000 shares at an average price of $8.82 for $0.18 million. The insider now directly holds 29,459 shares of Cushman & Wakefield plc (CWK).

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