NYLI CBRE Global Infrastructure Megatrends Term Fund Announces $535 Share Buyback at $13.7/Share.

CBRE Global Infrastructure Megatrends Term Fund (MEGI) has announced that Jeremy Anagnos has purchased 535 shares at a price of $13.7 per share on May 23, 2025.

MainStay CBRE Global Infrastructure stock, traded under the ticker MEGI, closed with a 1.01% decline on Friday, May 23, 2025, dropping from $13.90 to $13.76. This marks the third consecutive day of losses for the stock, which has seen a 0.44% gain over the past two weeks despite a 6-day losing streak in the last 10 trading days [1].

The stock's volatility is evident in its price fluctuations, with a day low of $13.60 and a day high of $13.84 on May 23, 2025. The trading volume also decreased by 7,000 shares, totaling 79,000 shares traded for approximately $1.08 million. The decrease in volume is a positive technical indicator, suggesting that the stock's price movement is genuine and not driven by speculative trading [1].

Analysts predict that the stock could rise by 10.82% over the next three months, with a 90% probability of the price ranging between $13.75 and $15.80. However, the stock faces resistance at approximately $14.01 and support at $13.29, as indicated by the short-term and long-term moving averages [1].

Investment signals are mixed, with a general buy signal due to the short-term moving average being above the long-term average, but a sell signal from the 3-month Moving Average Convergence Divergence (MACD) and a pivot top point on May 20, 2025. The stock is considered a hold or accumulate candidate at the current level, awaiting further development [1].

On May 23, 2025, Jeremy Anagnos purchased 535 shares of MEGI at $13.7 per share. This transaction could indicate a positive sentiment towards the stock's future performance [2].

The stock's volatility and mixed signals suggest that investors should exercise caution and monitor the stock closely. The predicted fair opening price for May 27, 2025, is $13.73, with a possible trading interval of $13.53 to $13.99, or a 3.33% move during the day [1].

References:
[1] https://stockinvest.us/stock/MEGI
[2] https://stockinvest.us/stock/MEGI