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 $0.58 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 $1.58 million.
As published in a research note from Piper Sandler on April 17, 2024, Marsh & McLennan Cos., Inc. [MMC] has been rated down from an Overweight to a Neutral and the price target has been revised to $211. Analysts at Wells Fargo downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in mid April. As of January 10, 2024, TD Cowen has initiated its “Market perform” rating for MMC. Earlier on January 08, 2024, Goldman downgraded its rating. Their new recommendation was “a Sell” for MMC stock which previously was a “a Buy”.
Analyzing MMC Stock Performance
During the last five days, there has been a drop of approximately -1.77%. Over the course of the year, Marsh & McLennan Cos., Inc. shares have jumped approximately 4.30%. 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 $202.35, while a 200-day SMA reached $195.10. Nevertheless, trading volume fell to 2.15 million shares from 1.49 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 196.55, which, if violated, would cause prices to drop to 195.48. In the upper region, resistance lies at 198.37. The next price resistance is at 199.12. RSI (Relative Strength Index) is 38.35 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.43, which suggests the price will decrease in the coming days. Percent R is at 86.28%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
