MarketAxess Holdings Inc.’s recent filing unveils that its Chief Revenue Officer McPherson Kevin M unloaded Company’s shares for reported $0.44 million on Feb 16 ’24. In the deal valued at $221.26 per share,2,000 shares were sold. As a result of this transaction, McPherson Kevin M now holds 70,092 shares worth roughly $15.88 million.
Then, McPherson Kevin M sold 920 shares, generating $239,660 in total proceeds. Upon selling the shares at $260.50, the Chief Revenue Officer now owns 68,959 shares.
Before that, McPherson Kevin M sold 1,020 shares. MarketAxess Holdings Inc. shares valued at $235,569 were divested by the Chief Revenue Officer at a price of $230.95 per share. As a result of the transaction, McPherson Kevin M now holds 69,879 shares, worth roughly $15.83 million.
A number of analysts have revised their coverage, including Barclays’s analysts, who decreased its forecast for the stock in early January from “an Overweight” to “an Equal weight”. UBS began covering MKTX with “Buy” recommendation on October 06, 2023. Barclays started covering the stock on June 28, 2023. It rated MKTX as “an Overweight”.
Price Performance Review of MKTX
On Tuesday, MarketAxess Holdings Inc. [NASDAQ:MKTX] saw its stock jump 0.97% to $226.50. Over the last five days, the stock has gained 5.66%. MarketAxess Holdings Inc. shares have fallen nearly -22.66% since the year began. Nevertheless, the stocks have fallen -34.02% over the past one year. While a 52-week high of $344.43 was reached on 01/02/24, a 52-week low of $200.01 was recorded on 03/05/24. SMA at 50 days reached $221.03, while 200 days put it at $240.15. A total of 0.41 million shares were traded, compared to the trading of 0.5 million shares in the previous session.
Levels Of Support And Resistance For MKTX Stock
The 24-hour chart illustrates a support level at 224.80, which if violated will result in even more drops to 223.10. On the upside, there is a resistance level at 228.15. A further resistance level may holdings at 229.79. The Relative Strength Index (RSI) on the 14-day chart is 56.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.39, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 15.99%. Stochastics %K at 83.32% indicates the stock is a selling.
How much short interest is there in MarketAxess Holdings Inc.?
A steep rise in short interest was recorded in MarketAxess Holdings Inc. stocks on Mar 15, 2024, dropping by 90000.0 shares to a total of 1.41 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 1.5 million shares. There was a decline of -6.38%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.84% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.13.
