Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Moelis & Co shares valued at $1,049,744 were sold by MAHMOODZADEGAN NAVID on Mar 01 ’24. At $53.88 per share, MAHMOODZADEGAN NAVID sold 19,483 shares. The insider’s holdings dropped to 44,980 shares worth approximately $2.43 million following the completion of this transaction.
Also, MOELIS KENNETH sold 4,000 shares, netting a total of over 216,320 in proceeds. Following the sale of shares at $54.08 each, the insider now holds 82,441 shares.
Before that, MOELIS KENNETH had sold 75,000 shares from its account. In a trade valued at $4,058,250, the Chairman, CEO traded Moelis & Co shares for $54.11 each. Upon closing the transaction, the insider’s holdings decreased to 75,000 shares, worth approximately $4.67 million.
As published in a research note from Goldman on March 13, 2024, Moelis & Co [MC] has been rated up from a Sell to a Neutral and the price target has been revised to $58 from $53. As of January 11, 2023, Goldman has decreased its “Neutral” rating to a “Sell” for MC. Earlier on November 03, 2022, Keefe Bruyette downgraded its rating. Their new recommendation was “an Underperform” for MC stock which previously was a “a Mkt perform”.
Analyzing MC Stock Performance
During the last five days, there has been a surge of approximately 5.33%. Over the course of the year, Moelis & Co shares have dropped approximately -3.81%. Shares of the company reached a 52-week high of $57.90 on 03/21/24 and a 52-week low of $50.75 on 04/16/24. A 50-day SMA is recorded $54.22, while a 200-day SMA reached $50.01. Nevertheless, trading volume fell to 0.84 million shares from 0.69 million shares the previous day.
Support And Resistance Levels for Moelis & Co (MC)
According to the 24-hour chart, there is a support level at 53.31, which, if violated, would cause prices to drop to 52.63. In the upper region, resistance lies at 54.69. The next price resistance is at 55.40. RSI (Relative Strength Index) is 50.57 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.49, which suggests the price will decrease in the coming days. Percent R is at 51.20%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
