Wells Fargo’s latest rating for MCO stock

Moody’s Corp.’s recent filing unveils that its President and CEO Fauber Robert unloaded Company’s shares for reported $0.96 million on Jan 16. In the deal valued at $376.50 per share,2,547 shares were sold. As a result of this transaction, Fauber Robert now holds 54,099 shares worth roughly $21.17 million.

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Then, Fauber Robert sold 2,546 shares, generating $994,544 in total proceeds. Upon selling the shares at $390.63, the President and CEO now owns 55,099 shares.

Before that, Fauber Robert sold 2,546 shares. Moody’s Corp. shares valued at $997,065 were divested by the President and CEO at a price of $391.62 per share. As a result of the transaction, Fauber Robert now holds 56,099 shares, worth roughly $21.95 million.

Wells Fargo upgraded its Moody’s Corp. [MCO] rating to an Overweight from a an Equal weight in a research note published On Monday, December 15, 2023; the price target was increased to $455 from $365.

Price Performance Review of MCO

On Monday, Moody’s Corp. [NYSE:MCO] saw its stock jump 0.51% to $391.27. Over the last five days, the stock has gained 0.64%. Moody’s Corp. shares have risen nearly 0.18% since the year began. Nevertheless, the stocks have risen 22.96% over the past one year. While a 52-week high of $396.91 was reached on 01/25/24, a 52-week low of $278.23 was recorded on 01/05/24. SMA at 50 days reached $377.81, while 200 days put it at $340.68. A total of 0.65 million shares were traded, compared to the trading of 0.42 million shares in the previous session.

Levels Of Support And Resistance For MCO Stock

The 24-hour chart illustrates a support level at 387.49, which if violated will result in even more drops to 383.70. On the upside, there is a resistance level at 393.22. A further resistance level may holdings at 395.17. The Relative Strength Index (RSI) on the 14-day chart is 63.92, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.70, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.94%. Stochastics %K at 92.07% indicates the stock is a selling.

How much short interest is there in Moody’s Corp.?

A steep rise in short interest was recorded in Moody’s Corp. stocks on Jan 11, 2024, dropping by -0.25 million shares to a total of 1.63 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2023 was 1.88 million shares. There was a decline of -15.34%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.03% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.31.

Moody’s Corp. [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 13.48% of the outstanding MCO shares. Additionally, The Vanguard Group, Inc. increased 0.62% of its stake after which the total value it holdings stand at $5,196,552,728, while TCI Fund Management Ltd. added 15.34% of its stake to hold $4.67 billion in the firm. Over the last quarter, BlackRock Fund Advisors purchased 456,831 shares of Moody’s Corp., while SSgA Funds Management, Inc. bought -128,905 shares. At present, Akre Capital Management LLC is holding 5,094,646 shares valued at $1.99 billion. Fiera Capital Corp. owned 4,387,475 shares of the company at the time of its most recent 13F filing, worth $1.71 billion.

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