S&P Global (SPGI) was Smart Insider's stock pick of the week after President and Chief Executive Martina Cheung acquired roughly $1 million worth of company shares at $429.93 apiece on April 29, raising her ownership by 9%.
This was Cheung's first purchase "despite" joining the company in 2010 and represents a reversal from a "long series of sales," Smart Insider said in a Tuesday note.
The CEO's purchase is a "shift in sentiment and meaningful investment," according to the note.
Smart Insider ranked the stock +1, or strong positive signal, on May 4.
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