Shares of CME Group Inc. (NASDAQ:CME) traded at a new 52-week high today of $241.10. So far today approximately 195,000 shares have been exchanged, as compared to an average 30-day volume of 1.5 million shares.
Based in Chicago, CME Group operates exchanges giving investors, suppliers, and businesses the ability to trade futures and derivatives based on interest rates, equity indexes, foreign currencies, energy, metals, and commodities. The CME was founded in 1898 and in 2002 completed its initial public offering. Since then, CME Group has consolidated parts of the industry by merging with crosstown rival, CBOT Holdings in 2007 before acquiring Nymex Holdings in 2008 and NEX in 2018. In addition, the company has a 27% stake in S&P/Dow Jones Indices LLC, making the Chicago Mercantile Exchange the exclusive venue to trade and clear S&P futures contracts. Through CME’s acquisition of NEX in 2018 it has also expanded into cash foreign exchange, fixed income trading, and collateral optimization.
CME Group Inc. (NASDAQ:CME) is currently priced 16.7% above its average consensus analyst price target of $200.75.
In the past 52 weeks, CME Group Inc. share prices are bracketed by a low of $179.69 and a high of $241.10 and is now at $240.96, 34% above that low price.
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