Cboe Global Markets, Inc.’s Stock Price Soars to $202.24, Marking a Positive 2.53% Shift in Performance

Cboe Global Markets, Inc. (CBOE)

202.24 USD +4.99 (+2.53%) Volume: 2.32M

With a strong performance in the stock market, Cboe Global Markets, Inc.’s stock price hit 202.24 USD, reflecting a positive trading session with a +2.53% increase. The trading volume stood at 2.32M, underlining the heightened interest among investors. Impressive gains are also seen in the year-to-date (YTD) performance, with a percentage change of +13.26%, showcasing the financial robustness of CBOE.

Latest developments on Cboe Global Markets, Inc.

Cboe Global Markets has been making headlines recently with a series of key announcements and developments. The company reported trading volume for July 2024, showcasing a strong performance in the market. Despite this, the stock price has been rising but still underperforming the overall market. Cboe also announced the planned launch of options on VIX futures, expanding their volatility product suite. With an upgrade in relative strength rating and a focus on importing global trading into the US, Cboe is positioning itself for growth. Additionally, insider sales by EVP Dave Howson and the purchase of the former headquarters in the Loop indicate strategic moves within the company. Investors are bracing for a ‘regime shift’ as market volatility returns, with Cboe expected to benefit from this trend. Analysts have given Cboe new price targets, with Barclays boosting it to $218.00, highlighting the potential for further growth in the stock price.

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

The long-term outlook for Cboe Global Markets, as indicated by the Smartkarma Smart Scores, shows a promising future for the company. With a strong score in Growth and Momentum, Cboe Global Markets is positioned well for expansion and continued success in the market. This indicates that the company is likely to see continued growth in its operations and market presence over time.

Although Cboe Global Markets has average scores in Value and Dividend, its high scores in Growth and Momentum suggest that it has the potential to outperform in the long run. Additionally, with a Resilience score of 3, the company shows a moderate level of stability and ability to withstand market fluctuations. Overall, Cboe Global Markets appears to have a positive outlook for its future performance and growth in the trading of standardized options on equity securities.

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