Insider Selling: Kaye Mark, Moody’s Corporation [MCO] EVP & Chief Financial Officer divested 3,114 shares

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Moody’s Corporation shares valued at $1,003,486 were sold by Kaye Mark on Aug 15. At $322.25 per share, Kaye Mark sold 3,114 shares. The insider’s holdings dropped to 5,341 shares worth approximately $1.36 million following the completion of this transaction.


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Also, Sullivan Caroline sold 326 shares, netting a total of over 101,281 in proceeds. Following the sale of shares at $310.68 each, the insider now holds 1,806 shares.

Before that, West Michael L had sold 780 shares from its account. In a trade valued at $242,214, the President, Moody’s Investors traded Moody’s Corporation shares for $310.53 each. Upon closing the transaction, the insider’s holdings decreased to 780 shares, worth approximately $2.13 million.

As published in a research note from Deutsche Bank on August 10, 2022, Moody’s Corporation [MCO] has been rated down from a Buy to a Hold and the price target has been revised to $324. This represents a 21.2% premium over Thursday’s closing price. Analysts at Atlantic Equities downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in early June. As of June 03, 2022, Barclays has decreased its “an Overweight” rating to a “an Equal weight” for MCO. Earlier on March 30, 2022, Deutsche Bank initiated its rating. Their recommendation was “a Buy” for MCO stock.

Analyzing MCO’s Price Performance

On Thursday, Moody’s Corporation [NYSE: MCO] plunged -4.27% to $255.30. The stock’s lowest price that day was $253.23, but it reached a high of $267.18 in the same session. During the last five days, there has been a drop of approximately -9.57%. Over the course of the year, Moody’s Corporation shares have dropped approximately -34.64%. Shares of the company reached a 52-week high of $392.53 on 01/03/22 and a 52-week low of $251.01 on 06/17/22. A 50-day SMA is recorded $297.09, while a 200-day SMA reached $318.04. Nevertheless, trading volume fell to 1.28 million shares from 0.56 million shares the previous day.

Support And Resistance Levels for Moody’s Corporation (MCO)

According to the 24-hour chart, there is a support level at 249.96, which, if violated, would cause prices to drop to 244.62. In the upper region, resistance lies at 263.91. The next price resistance is at 272.52. RSI (Relative Strength Index) is 24.57 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -19.77, which suggests the price will decrease in the coming days. Percent R is at 95.90%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Moody’s Corporation subject to short interest?

Stocks of Moody’s Corporation saw a sharp steep in short interest on Jul 14, 2022 dropping by -0.54 million shares to 3.12 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 3.66 million shares. A decline of -17.31% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.7 of the overall float, the days-to-cover ratio (short ratio) decline to 3.7.

Which companies own the most shares of Moody’s Corporation (MCO)?

According to Berkshire Hathaway, Inc. filings, the company currently owns 24,669,778 shares, which is about 13.44% of the total MCO shares outstanding. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $3,699,686,682. Manulife Investment Management Lt acquire a 5,028.75% interest valued at $2.95 billion while TCI Fund Management Ltd. purchased a 960,375 stake. A total of 825,980 shares of Moody’s Corporation were bought by BlackRock Fund Advisors during the quarter, and -453,103 were sold by SSgA Funds Management, Inc.. In its current portfolio, Fiera Capital Corp. holds 6,057,614 shares valued at $1.72 billion.

In terms of Moody’s Corporation share price expectations, FactSet research, analysts set an average price target of $311.69 in the next 12 months, up nearly 18.11% from the previous closing price of $266.70. Analysts anticipate Moody’s Corporation stock to reach $352.00 by 2022, with the lowest price target being $259.00. In spite of this, 21 analysts ranked Moody’s Corporation stock as an Overweight at the end of 2022. On March 08, 2022, Robert W. Baird assigned a price target of “an Outperform” to the stock and initiated coverage with a $363.

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