Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Marsh & McLennan Cos., Inc. shares valued at $305,583 were sold by Mills Stacy on Mar 14 ’24. At $209.16 per share, Mills Stacy sold 1,461 shares. The insider’s holdings dropped to 2,923 shares worth approximately $0.59 million following the completion of this transaction.
Also, Klisura Dean Michael sold 9,994 shares, netting a total of over 2,048,770 in proceeds. Following the sale of shares at $205.00 each, the insider now holds 20,935 shares.
Before that, Jones John Jude had sold 1,505 shares from its account. In a trade valued at $306,523, the Chief Marketing Officer traded Marsh & McLennan Cos., Inc. shares for $203.67 each. Upon closing the transaction, the insider’s holdings decreased to 1,505 shares, worth approximately $1.61 million.
As published in their initiating research note from TD Cowen on January 10, 2024, Marsh & McLennan Cos., Inc. [MMC] has been a Market perform and the price target has been revised to $189. Analysts at Goldman downgraded the stock from ‘”a Buy”‘ to ‘”a Sell”‘ outlook in a report released in early January. As of December 15, 2023, Keefe Bruyette has decreased its “Mkt perform” rating to a “an Underperform” for MMC. Earlier on October 05, 2023, Deutsche Bank initiated its rating. Their recommendation was “a Buy” for MMC stock.
Analyzing MMC Stock Performance
During the last five days, there has been a drop of approximately -1.14%. Over the course of the year, Marsh & McLennan Cos., Inc. shares have jumped approximately 6.18%. Shares of the company reached a 52-week high of $209.20 on 03/14/24 and a 52-week low of $188.31 on 01/25/24. A 50-day SMA is recorded $201.90, while a 200-day SMA reached $194.78. Nevertheless, trading volume fell to 1.96 million shares from 1.38 million shares the previous day.
Support And Resistance Levels for Marsh & McLennan Cos., Inc. (MMC)
According to the 24-hour chart, there is a support level at 200.18, which, if violated, would cause prices to drop to 199.18. In the upper region, resistance lies at 203.07. The next price resistance is at 204.96. RSI (Relative Strength Index) is 43.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.63, which suggests the price will decrease in the coming days. Percent R is at 89.61%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Marsh & McLennan Cos., Inc. subject to short interest?
Stocks of Marsh & McLennan Cos., Inc. saw a sharp steep in short interest on Mar 28, 2024 dropping by -0.14 million shares to 3.7 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 3.84 million shares. A decline of -3.78% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.42 of the overall float, the days-to-cover ratio (short ratio) decline to 2.42.
