CBOE Stock Summary and Trading Ideas (Cboe Global Markets | BATS:CBOE)

Cboe global Markets, Inc is a provider of market infrastructure and tradable products, delivers cutting-edge trading, clearing and investment solutions to market participants around the world. The Company is committed to operating a trusted, inclusive global marketplace, and to providing leading products, technology and data solutions that enable participants to define a sustainable financial future. Cboe provides trading solutions and products in multiple asset classes, including equities, derivatives, FX, and digital assets, across North America, Europe, and Asia Pacific.

Cboe Global Markets trades on the BATS stock market under the symbol CBOE.

As of April 18, 2024, CBOE stock price climbed to $177.31 with 475,198 million shares trading.

CBOE has a beta of 0.27, meaning it tends to be less sensitive to market movements. CBOE has a correlation of 0.03 to the broad based SPY ETF.

CBOE has a market cap of $18.72 billion. This is considered a Large Cap stock.

Last quarter Cboe Global Markets reported $499 million in Revenue and $2.06 earnings per share. This fell short of revenue expectation by $-13 million and exceeded earnings estimates by $.03.

In the last 3 years, CBOE stock traded as high as $199.00 and as low as $100.53.

The top ETF exchange traded funds that CBOE belongs to (by Net Assets): RAYD, VTI, VOO, VO, SPY.

CBOE has outperformed the market in the last year with a price return of +30.5% while the SPY ETF gained +22.3%. However, in the short term, CBOE had mixed performance relative to the market. It has underperformed in the last 3 months, returning -5.0% vs +6.1% return in SPY. But in the last 2 weeks, CBOE shares have fared better than the market returning -0.8% compared to SPY -3.9%.

CBOE support price is $174.79 and resistance is $179.13 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CBOE stock will trade within this expected range on the day.