In a filing, MarketAxess Holdings Inc. revealed its Chief Revenue Officer McPherson Kevin M unloaded Company’s shares for reported $0.44 million on Feb 16 ’24. In the deal valued at $221.26 per share,2,000 shares were sold. As a result of this transaction, McPherson Kevin M now holds 70,092 shares worth roughly $14.35 million.
Then, McPherson Kevin M sold 920 shares, generating $239,660 in total proceeds. Upon selling the shares at $260.50, the Chief Revenue Officer now owns 68,959 shares.
Before that, McPherson Kevin M sold 1,020 shares. MarketAxess Holdings Inc. shares valued at $235,569 were divested by the Chief Revenue Officer at a price of $230.95 per share. As a result of the transaction, McPherson Kevin M now holds 69,879 shares, worth roughly $14.31 million.
BofA Securities initiated its MarketAxess Holdings Inc. [MKTX] rating to an Underperform in a research note published on April 10, 2024; the price target was $199. Barclays also remained covering MKTX and has decreased its forecast on January 08, 2024 with a “an Equal weight” recommendation from previously “an Overweight” rating. UBS started covering the stock on October 06, 2023. It rated MKTX as “a Buy”.
Price Performance Review of MKTX
On Tuesday, MarketAxess Holdings Inc. [NASDAQ:MKTX] saw its stock jump 0.17% to $204.77. Over the last five days, the stock has gained 0.99%. MarketAxess Holdings Inc. shares have fallen nearly -30.08% since the year began. Nevertheless, the stocks have fallen -37.38% over the past one year. While a 52-week high of $329.15 was reached on 01/02/24, a 52-week low of $199.34 was recorded on 04/18/24. SMA at 50 days reached $215.85, while 200 days put it at $237.61. A total of 0.27 million shares were traded, compared to the trading of 0.28 million shares in the previous session.
Levels Of Support And Resistance For MKTX Stock
The 24-hour chart illustrates a support level at 202.87, which if violated will result in even more drops to 200.97. On the upside, there is a resistance level at 206.44. A further resistance level may holdings at 208.11. The Relative Strength Index (RSI) on the 14-day chart is 37.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -8.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.00%. Stochastics %K at 16.78% indicates the stock is a buying.
The most recent change occurred on June 28, 2023 when Barclays began covering the stock and recommended ‘”an Overweight”‘ rating along with a $310 price target.
