Movement Alert｜CME Group Inc. Intraday Rise 3.02% in Regular Trading, Q3 Earnings Beat and Target Price Increase Support Shares

Market Focus10-22

On October 22, CME Group Inc. rose 3.02% in Regular Trading, trading at $304.4/share, with turnover of $74.6764 million.

The move followed the company’s third-quarter results released the prior day and a subsequent analyst target price increase, which together reinforced investor confidence in the stock.

CME Group Inc. reported adjusted earnings of $3.02 per diluted share and revenue of $1.74 billion for the quarter ended September 30, both above market expectations. Adjusted net income rose 12.1% to $1.08 billion. Average daily volume increased 16% year over year to a record 29.4 million contracts, while international average daily volume climbed 22% to a record 9 million contracts. Market data revenue also rose 20% to a record $243.1 million. After the release, an analyst lifted the target price to $311 from $297, adding support to the shares.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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