Cboe Global Markets, Inc.’s stock price soars to $193.78, marking a robust 4.33% increase

Cboe Global Markets, Inc. (CBOE)

193.78 USD +8.04 (+4.33%) Volume: 1.44M

Cboe Global Markets, Inc.’s stock price is currently standing at 193.78 USD, showcasing a positive trading session with a percentage change of +4.33%. With a trading volume of 1.44M and a year-to-date percentage change of +8.53%, CBOE’s stock performance continues to show promising growth.

Latest developments on Cboe Global Markets, Inc.

Cboe Global Markets has recently made headlines with a series of key events leading up to today’s stock price movements. From selling its Chicago ex-headquarters at half of its pre-pandemic value to surpassing Q2 earnings estimates and improving year-over-year, Cboe has been on a rollercoaster ride. Despite a fall in 2Q profits due to impairments, the company has lifted its revenue guidance and reported a quarterly profit that beat estimates, thanks to increased hedging activity by investors. With a focus on importing global trading into the US and targeting international demand for US options growth, Cboe has been making strategic moves to stay ahead in the market. Despite underperforming compared to competitors on some days, Cboe’s solid Q2 results and revenue guidance raise have kept investors interested in the company’s stock.

A look at Cboe Global Markets, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Looking at the long-term outlook for Cboe Global Markets using Smartkarma Smart Scores, the company shows strong potential for growth with a score of 5 in that category. This indicates that Cboe Global Markets is positioned well for expanding its market presence and increasing its revenue in the future. Additionally, the company scores a 3 in both Resilience and Momentum, suggesting that it has the ability to withstand market challenges and maintain a positive trajectory in the near term.

While Cboe Global Markets may not score as high in Value and Dividend, with scores of 2 in both categories, its strengths in Growth, Resilience, and Momentum make it a promising investment option for those looking for long-term growth opportunities in the marketplace. With its established role in trading options on various securities and its innovative trading model, Cboe Global Markets is well-positioned to continue its success in the trading industry.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

💡 Before it’s here, it’s on Smartkarma