Marsh & McLennan Cos., Inc.’s recently made public that its Vice President and Controller Mills Stacy unloaded Company’s shares for reported $0.31 million on Mar 14 ’24. In the deal valued at $209.16 per share,1,461 shares were sold. As a result of this transaction, Mills Stacy now holds 2,923 shares worth roughly $0.6 million.
Then, Klisura Dean Michael sold 9,994 shares, generating $2,048,770 in total proceeds. Upon selling the shares at $205.00, the President & CEO, Guy Carpenter now owns 20,935 shares.
Before that, Jones John Jude sold 1,505 shares. Marsh & McLennan Cos., Inc. shares valued at $306,523 were divested by the Chief Marketing Officer at a price of $203.67 per share. As a result of the transaction, Jones John Jude now holds 7,978 shares, worth roughly $1.64 million.
TD Cowen initiated its Marsh & McLennan Cos., Inc. [MMC] rating to a Market perform in a research note published on January 10, 2024; the price target was $189. A number of analysts have revised their coverage, including Goldman’s analysts, who decreased its forecast for the stock in early January from “a Buy” to “a Sell”. Keefe Bruyette also remained covering MMC and has decreased its forecast on December 15, 2023 with a “an Underperform” recommendation from previously “Mkt perform” rating. Deutsche Bank started covering the stock on October 05, 2023. It rated MMC as “a Buy”.
Price Performance Review of MMC
On Friday, Marsh & McLennan Cos., Inc. [NYSE:MMC] saw its stock jump 2.41% to $205.58. Over the last five days, the stock has lost -0.19%. Marsh & McLennan Cos., Inc. shares have risen nearly 8.50% since the year began. Nevertheless, the stocks have risen 22.57% over the past one year. While a 52-week high of $209.20 was reached on 03/14/24, a 52-week low of $166.99 was recorded on 01/25/24. SMA at 50 days reached $201.21, while 200 days put it at $194.47. A total of 2.07 million shares were traded, compared to the trading of 2.17 million shares in the previous session.
Levels Of Support And Resistance For MMC Stock
The 24-hour chart illustrates a support level at 202.45, which if violated will result in even more drops to 199.33. On the upside, there is a resistance level at 207.49. A further resistance level may holdings at 209.41. The Relative Strength Index (RSI) on the 14-day chart is 55.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 30.61%. Stochastics %K at 30.96% indicates the stock is a holding.
How much short interest is there in Marsh & McLennan Cos., Inc.?
A steep rise in short interest was recorded in Marsh & McLennan Cos., Inc. stocks on Mar 15, 2024, growing by 80000.0 shares to a total of 3.89 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 3.81 million shares. There was a rise of 2.06%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 0.96% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.77.
