Cboe Global Markets Inc. ($CBOE) Stock Forecast: Down 5.1% Today

What is Cboe Global Markets Inc.?

Cboe Global Markets (CBOE) is a financial exchange company known for its derivatives trading platform. The market for CBOE today experienced a strong bearish movement.

Why is Cboe Global Markets Inc. going down?

CBOE stock is down 5.1% on Nov 6, 2024 19:56

• Despite CBOE reporting strong Q3 earnings that surpassed estimates, the stock faced a bearish movement possibly due to a downgrade and concerns raised by an analyst regarding earnings risks and valuation.
• The downgrade to Underweight from Equal-Weight, along with a price forecast of $199, may have contributed to the negative sentiment surrounding CBOE's stock.
• The sluggish volume mentioned in the downgrade report could have also impacted the market movement, overshadowing the positive news of record derivatives volume in the third quarter.

CBOE Price Chart

CBOE Technical Analysis

CBOE News

Cboe Faces Downgrade: Analyst Warns Of Earnings Risks Amid Valuation Concerns And Sluggish Volume - Cboe Global Markets ( BATS:CBOE )

Morgan Stanley analyst Michael J. Cyprys downgraded Cboe Global Markets, Inc. CBOE to Underweight from Equal-Weight, with a price forecast of $199 ( unchanged ) .

https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41783469/cboe-faces-downgrade-analyst-warns-of-earnings-risks-amid-valuation-concerns-and-sl

Cboe Global Q3 Earnings Top Estimates on Record Derivatives Volume

CBOE's third-quarter results reflect record volumes across the company's derivatives platform.

https://www.zacks.com/stock/news/2362761/cboe-global-q3-earnings-top-estimates-on-record-derivatives-volume

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Cboe Global Markets Inc. Price History

01.10.2024 - CBOE Stock was down 1.8%

• Despite positive long-term performance, CBOE experienced a bearish movement today.
• The anticipation of Q3 earnings may have led to market expectations not being met, resulting in the bearish movement.
• Investors might have reacted negatively to potential issues raised during the earnings call, causing a sell-off in the stock.
• Market conditions or broader economic factors could also have played a role in the bearish movement of CBOE today.

06.10.2024 - CBOE Stock was down 6.7%

• Strong Q3 earnings exceeding estimates were announced by CBOE, but market reaction hints at possibly inflated investor expectations.
• The record-breaking volumes in derivatives trading may have sparked worries about sustainability and regulatory hurdles, potentially prompting a sell-off.
• The bearish movement could also be attributable to investors seizing profits, anticipating even stronger company performance.

06.10.2024 - CBOE Stock was down 5.1%

• Despite CBOE reporting strong Q3 earnings that surpassed estimates, the stock faced a bearish movement possibly due to a downgrade and concerns raised by an analyst regarding earnings risks and valuation.
• The downgrade to Underweight from Equal-Weight, along with a price forecast of $199, may have contributed to the negative sentiment surrounding CBOE's stock.
• The sluggish volume mentioned in the downgrade report could have also impacted the market movement, overshadowing the positive news of record derivatives volume in the third quarter.

20.08.2023 - CBOE Stock was up 5.1%

• CBOE appointed Fredric Tomczyk as CEO, replacing Edward T. Tilly who resigned after failing to disclose personal relationships with colleagues.
• The market reacted positively to the leadership transition, as Tomczyk brings his experience as the former CEO of TD Ameritrade.
• The bullish movement may also be influenced by the surge in the CBOE Volatility Index (VIX), indicating increased option volatility in the S&P 500 index.

21.01.2024 - CBOE Stock was up 0.2%

• CBOE stock showed significant bullish movement today.
• Strong financial results reported for Q4 and full year 2023 likely increased investor confidence due to record revenue and earnings.
• Investors may have been encouraged by the strategic outlook for 2024, which focuses on growth and operational efficiency.
• The launch of new quoted ETFs by iShares from BlackRock on Cboe Australia might have also played a part in boosting the positive sentiment around CBOE stock, highlighting the company's global expansion and partnerships.

30.05.2023 - CBOE Stock was up 2.5%

• CBOE's plans to expand its corporate bond index offering with new options on futures and extended trading hours indicate a positive outlook for the company.
• The extended trading hours for IBHY and IBIG futures can attract more traders and increase liquidity in the market, potentially driving up the stock price.
• The expansion of CBOE's product offerings in the $10.4 trillion U.S. corporate bond market reflects the company's commitment to diversification and growth.
• Overall, the bullish movement in CBOE's stock can be attributed to the positive market sentiment surrounding its expansion plans and potential for increased trading activity.

17.06.2024 - CBOE Stock was up 2.0%

• The bullish movement in CBOE stock could be attributed to the positive sentiment generated by an interview with Rob Marrocco, the VP and Global Head of ETF Listings, highlighting the potential of Defined Outcome ETFs.
• The interview might have instilled confidence in investors regarding CBOE's future prospects in the ETF market, leading to increased buying activity and driving the stock price higher.
• Investors may view CBOE as well-positioned to capitalize on the growing popularity of Defined Outcome ETFs, which could have fueled optimism and buying interest in the stock.

02.07.2024 - CBOE Stock was up 5.0%

• An increase in revenues and adjusted earnings was reported by Cboe Global Markets for the second quarter of 2024, surpassing estimates and showing year-over-year improvement.
• The growth in market data, access and capacity fees, as well as improved EBITDA margins contributed to the positive earnings results.
• Despite an insider sale by EVP and Global President Dave Howson, the overall market sentiment was bullish, driven by the strong Q2 earnings performance and positive outlook for the company.
• Investors likely reacted positively to the company's ability to maintain solid proprietary products, higher trading volumes, and growth in recurring non-transaction revenues, signaling a promising future for Cboe Global Markets.