The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Moody’s Corp. shares valued at $116,284 were sold by Steele Richard G on Mar 04 ’24. At $382.34 per share, Steele Richard G sold 304 shares. The insider’s holdings dropped to 1,615 shares worth approximately $0.6 million following the completion of this transaction.
Also, Fauber Robert sold 2,547 shares, netting a total of over 958,946 in proceeds. Following the sale of shares at $376.50 each, the insider now holds 54,099 shares.
Before that, Fauber Robert had sold 2,546 shares from its account. In a trade valued at $994,544, the President and CEO traded Moody’s Corp. shares for $390.63 each. Upon closing the transaction, the insider’s holdings decreased to 2,546 shares, worth approximately $20.64 million.
As published in a research note from Barclays on April 02, 2024, Moody’s Corp. [MCO] has been rated up from an Equal weight to an Overweight and the price target has been revised to $450 from $375. Analysts at Wells Fargo upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in mid December. As of September 14, 2023, Wolfe Research has initiated its “an Outperform” rating for MCO. Earlier on July 03, 2023, Goldman resumed its rating. Their recommendation was “a Neutral” for MCO stock.
Analyzing MCO Stock Performance
During the last five days, there has been a drop of approximately -2.33%. Over the course of the year, Moody’s Corp. shares have dropped approximately -4.09%. Shares of the company reached a 52-week high of $407.62 on 02/12/24 and a 52-week low of $363.49 on 02/14/24. A 50-day SMA is recorded $385.40, while a 200-day SMA reached $359.47. Nevertheless, trading volume fell to 0.79 million shares from 0.58 million shares the previous day.
Support And Resistance Levels for Moody’s Corp. (MCO)
According to the 24-hour chart, there is a support level at 369.35, which, if violated, would cause prices to drop to 364.11. In the upper region, resistance lies at 379.91. The next price resistance is at 385.22. RSI (Relative Strength Index) is 38.60 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -11.78, which suggests the price will decrease in the coming days. Percent R is at 84.27%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
