Time To Exchange Nasdaq Stock After Its 23% Gains This Year?

Nasdaq logo is secreened at Times Square in New York City, United States of America on July 13th, ... [+] 2024. (Photo by Beata Zawrzel/NurPhoto via Getty Images)NurPhoto via Getty ImagesNASDAQ stock (NASDAQ: NDAQ) has gained 23% YTD as compared to a 17% rise in the S&P500 index. In sharp contrast, Nasdaq’s peer CME Group (NASDAQ: CME) is up 5% YTD. Overall, at the current price of $71 per share, it is trading at the same level as its fair value – Trefis’ estimate for NASDAQ’s valuation. Amid the current fi ...