Moody’s Corp.’s recent filing unveils that its SVP – General Counsel Steele Richard G unloaded Company’s shares for reported $0.12 million on Mar 04 ’24. In the deal valued at $382.34 per share,304 shares were sold. As a result of this transaction, Steele Richard G now holds 1,615 shares worth roughly $0.61 million.
Then, Fauber Robert sold 2,547 shares, generating $958,946 in total proceeds. Upon selling the shares at $376.50, the President and CEO now owns 54,099 shares.
Before that, Fauber Robert sold 2,546 shares. Moody’s Corp. shares valued at $994,544 were divested by the President and CEO at a price of $390.63 per share. As a result of the transaction, Fauber Robert now holds 55,099 shares, worth roughly $20.9 million.
Barclays upgraded its Moody’s Corp. [MCO] rating to an Overweight from a an Equal weight in a research note published on April 02, 2024; the price target was increased to $450 from $375. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in mid December from “an Equal weight” to “an Overweight”. Wolfe Research began covering MCO with “an Outperform” recommendation on September 14, 2023. Goldman maintained its rating on July 03, 2023. It rated MCO as “a Neutral”.
Price Performance Review of MCO
On Monday, Moody’s Corp. [NYSE:MCO] saw its stock jump 1.23% to $379.26. Over the last five days, the stock has gained 1.53%. Moody’s Corp. shares have fallen nearly -2.89% since the year began. Nevertheless, the stocks have risen 25.28% over the past one year. While a 52-week high of $407.62 was reached on 02/12/24, a 52-week low of $296.45 was recorded on 02/14/24. SMA at 50 days reached $384.42, while 200 days put it at $359.79. A total of 0.5 million shares were traded, compared to the trading of 0.82 million shares in the previous session.
Levels Of Support And Resistance For MCO Stock
The 24-hour chart illustrates a support level at 375.88, which if violated will result in even more drops to 372.50. On the upside, there is a resistance level at 381.55. A further resistance level may holdings at 383.85. The Relative Strength Index (RSI) on the 14-day chart is 44.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.95, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 70.13%. Stochastics %K at 20.51% indicates the stock is a holding.
The most recent change occurred on June 15, 2023 when BofA Securities began covering the stock and recommended ‘”a Buy”‘ rating .
