Marsh & McLennan Cos., Inc.’s filing revealed 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 $0.58 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 $1.58 million.
Wells Fargo downgraded its Marsh & McLennan Cos., Inc. [MMC] rating to an Equal weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who began to cover the stock in early January with a ‘”a Market perform”‘ rating. Goldman also remained covering MMC and has decreased its forecast on January 08, 2024 with a “Sell” recommendation from previously “Buy” rating. Keefe Bruyette revised its rating on December 15, 2023. It rated MMC as “an Underperform” which previously was an “a Mkt perform”.
Price Performance Review of MMC
On Friday, Marsh & McLennan Cos., Inc. [NYSE:MMC] saw its stock fall -0.56% to $198.07. Over the last five days, the stock has lost -3.65%. Marsh & McLennan Cos., Inc. shares have risen nearly 4.54% since the year began. Nevertheless, the stocks have risen 16.46% over the past one year. While a 52-week high of $209.20 was reached on 03/14/24, a 52-week low of $169.43 was recorded on 01/25/24. SMA at 50 days reached $202.11, while 200 days put it at $194.93. A total of 1.93 million shares were traded, compared to the trading of 1.95 million shares in the previous session.
Levels Of Support And Resistance For MMC Stock
The 24-hour chart illustrates a support level at 196.73, which if violated will result in even more drops to 195.39. On the upside, there is a resistance level at 199.87. A further resistance level may holdings at 201.67. The Relative Strength Index (RSI) on the 14-day chart is 37.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.79%. Stochastics %K at 6.71% indicates the stock is a buying.
The most recent change occurred on October 05, 2023 when Deutsche Bank began covering the stock and recommended ‘”a Buy”‘ rating along with a $226 price target.
