Moody’s Corp. [MCO] Insider Activity: An Update for Investors

Moody’s Corp.’s filing revealed that its SVP – General Counsel Steele Richard G unloaded Company’s shares for reported $0.12 million on Mar 04 ’24. In the deal valued at $382.34 per share,304 shares were sold. As a result of this transaction, Steele Richard G now holds 1,615 shares worth roughly $0.63 million.

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Then, Fauber Robert sold 2,547 shares, generating $958,946 in total proceeds. Upon selling the shares at $376.50, the President and CEO now owns 54,099 shares.

Before that, Fauber Robert sold 2,546 shares. Moody’s Corp. shares valued at $994,544 were divested by the President and CEO at a price of $390.63 per share. As a result of the transaction, Fauber Robert now holds 55,099 shares, worth roughly $21.43 million.

Wells Fargo upgraded its Moody’s Corp. [MCO] rating to an Overweight from a an Equal weight in a research note published on December 15, 2023; the price target was increased to $455 from $365. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who began to cover the stock in mid September with a ‘”an Outperform”‘ rating. Goldman also remained covering MCO and reiterated its “Neutral” recommendation on July 03, 2023. BofA Securities started covering the stock on June 15, 2023. It rated MCO as “a Buy”.

Price Performance Review of MCO

On Tuesday, Moody’s Corp. [NYSE:MCO] saw its stock jump 1.06% to $388.93. Over the last five days, the stock has gained 1.68%. Moody’s Corp. shares have fallen nearly -0.42% since the year began. Nevertheless, the stocks have risen 36.42% over the past one year. While a 52-week high of $407.62 was reached on 02/12/24, a 52-week low of $278.23 was recorded on 02/14/24. SMA at 50 days reached $384.98, while 200 days put it at $352.54. A total of 0.34 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 385.71, which if violated will result in even more drops to 382.49. On the upside, there is a resistance level at 391.46. A further resistance level may holdings at 393.99. The Relative Strength Index (RSI) on the 14-day chart is 54.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.15, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 29.58%. Stochastics %K at 66.51% indicates the stock is a holding.

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

A steep rise in short interest was recorded in Moody’s Corp. stocks on Feb 29, 2024, dropping by -0.33 million shares to a total of 1.09 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 1.42 million shares. There was a decline of -30.28%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 0.69% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.26.

The most recent change occurred on May 09, 2023 when Wells Fargo began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $312 price target.

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