Cboe Global Markets Stock: 6 Straight Green Days, Up 12%
A six-day run has added billions to the company’s value, but a look at the numbers suggests caution for those considering the chase.
A six-day run higher in Cboe Global Markets (CBOE) stock has added about $3.5 billion to the company’s market value. The stock has now moved higher for 6 consecutive trading days, a period that delivered a cumulative gain of 12%. That move brings the company’s total market capitalization to about $33 billion.
For anyone holding the stock, this short-term momentum has been a clear positive. The move has been specific to the company; over the same 6 trading days the S&P 500 returned +0.3%.
How The Streak Stacks Up Against The S&P 500
- Where The Selling Ran Deepest: 9 S&P 500 Stocks At 52-Week Lows
- 18 Stocks Hit 52-Week Lows On Thursday
- Where The Buying Ran Strongest: 13 S&P 500 Stocks At 52-Week Highs
- 25 Small Cap Stocks Hit 52-Week Highs On Thursday
- Where The Buying Ran Strongest: 20 Mid Cap Stocks At 52-Week Highs
- Large Cap Stocks At 52-Week Highs: Thursday’s Full List
Here is how CBOE stock stacks up against the S&P 500 over the streak and the periods around it:
| Return Period | CBOE | S&P 500 |
|---|---|---|
| 1D | 0.6% | 0.7% |
| 6D (Current Streak) | 11.8% | 0.3% |
| 1M (21D) | 2.0% | 5.7% |
| 3M (63D) | -8.6% | 2.2% |
| YTD 2026 | 25.7% | 12.9% |
| 2025 | 30.0% | 16.4% |
| 2024 | 10.7% | 23.3% |
| 2023 | 44.4% | 24.2% |
Has the price gotten ahead of the business?
The data suggests a premium valuation. CBOE trades at a price-to-earnings multiple of 24.3, which is above the S&P 500 median of 23.3 and well above the median of 14.7 for S&P 500 financial stocks.
The company’s fundamentals are solid, with revenue over the last twelve months growing 11.7% against an S&P 500 median of 8.3%. Its operating margin over the last twelve months is 35.3%, compared to the S&P 500 median of 18.5%. Still, the current run is not a common event across the market, as only 3 other S&P 500 stocks are on similar winning streaks.
What is the disciplined way to read a streak?
A streak is information, not an instruction. It tells you where market attention and momentum have recently been focused. It does not, by itself, tell you whether a stock is a sound investment or if the run will continue.
The disciplined approach is to weigh the business against the price the market is asking for it. The numbers here provide a starting point for that work, showing a company with strong operating metrics that now trades at a notable premium to its peers.
A run like this is worth respecting and worth testing: the momentum that lasts is usually the kind management itself is underwriting. Our Guidance Momentum screen tracks the stocks whose companies just raised their own forward numbers.
Those drawn to the strength but not the single-name risk have another route: a U.S. broker-dealers & securities exchanges ETF like IAI holds the sector rather than this one name. It is still a concentrated bet on that one theme, though, which is exactly the gap the portfolio below closes.
Streaks End. Discipline Compounds
A run like this is genuinely useful information: something about this business has the market’s full attention. But streaks are where discipline gets tested, because the urge to chase strength is strongest right before it pauses.
The Trefis High Quality (HQ) Portfolio channels that urge into a system: roughly 30 businesses selected for consistent cash generation, strong margins, and resilient balance sheets, sized and rebalanced with rules rather than excitement. It has a track record of outpacing a benchmark that combines the three major indices – the S&P 500, S&P Mid-cap, and Russell 2000. Enjoy the streak; own the process.