In a filing, Moody’s Corporation revealed its President and CEO Fauber Robert unloaded Company’s shares for reported $0.86 million on Aug 31. In the deal valued at $338.82 per share,2,546 shares were sold. As a result of this transaction, Fauber Robert now holds 63,835 shares worth roughly $ 21.6 million.
Then, Fauber Robert sold 2,549 shares, generating $844,305 in total proceeds. Upon selling the shares at $331.23, the President and CEO now owns 64,838 shares.
Before that, Sullivan Caroline sold 297 shares. Moody’s Corporation shares valued at $100,695 were divested by the SVP – Corporate Controller at a price of $339.04 per share. As a result of the transaction, Sullivan Caroline now holds 891 shares, worth roughly $0.3 million.
Goldman reiterated its Moody’s Corporation [MCO] rating to a Neutral in a research note published on Tuesday, July 03, 2023; the price target was $362. PT values the company’s stock at a premium of 6.55 to its Tuesday closing price.
Price Performance Review of MCO
On Tuesday, Moody’s Corporation [NYSE:MCO] saw its stock fall -0.30% to $338.30. On the same session, the stock had its day’s lowest price of $335.74, but rose to a high of $340.38. Over the last five days, the stock has gained 1.07%. Moody’s Corporation shares have risen nearly 21.42% since the year began. Nevertheless, the stocks have risen 17.96% over the past one year. While a 52-week high of $363.19 was reached on 07/25/23, a 52-week low of $230.16 was recorded on 01/03/23. SMA at 50 days reached $342.93, while 200 days put it at $313.97. A total of 0.55 million shares were traded, compared to the trading of 0.41 million shares in the previous session.
Levels Of Support And Resistance For MCO Stock
The 24-hour chart illustrates a support level at 335.90, which if violated will result in even more drops to 333.50. On the upside, there is a resistance level at 340.54. A further resistance level may holdings at 342.78. The Relative Strength Index (RSI) on the 14-day chart is 51.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.94, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 23.63%. Stochastics %K at 79.77% indicates the stock is a holding.
How much short interest is there in Moody’s Corporation?
A steep rise in short interest was recorded in Moody’s Corporation stocks on Aug 14, 2023, dropping by 10000.0 shares to a total of 1.45 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 1.46 million shares. There was a decline of -0.69%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 0.92% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.84.
Moody’s Corporation [MCO] – Who Are The Largest Shareholders?
In filings from Berkshire Hathaway, Inc., it is revealed that the company now owns 24,669,778 shares, or roughly 13.44% of the outstanding MCO shares. Additionally, The Vanguard Group, Inc. increased 0.28% of its stake after which the total value it holdings stand at $4,664,746,246, while TCI Fund Management Ltd. added 1.45% of its stake to hold $3.71 billion in the firm. Over the last quarter, BlackRock Fund Advisors sold -733,868 shares of Moody’s Corporation, while SSgA Funds Management, Inc. sold 148,804 shares. At present, Akre Capital Management LLC is holding 5,281,223 shares valued at $1.86 billion. Fiera Capital Corp. owned 4,810,732 shares of the company at the time of its most recent 13F filing, worth $1.7 billion.
According to FactSet, Moody’s Corporation’s share price will average $373.44 in the next year, based on opinions of analysts polled by the firm. This is up nearly 9.04 percent from its previous closing price of $339.32. Analysts expect Moody’s Corporation stock to reach the higher price of $420.00, while the lowest price estimate is $340.00. However, 23 analysts have rated MCO stock as an Overweight in their predictions for 2023.