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. MSCI Inc shares valued at $4,245,200 were sold by Crum Scott A on Apr 30 ’24. At $471.69 per share, Crum Scott A sold 9,000 shares. The insider’s holdings dropped to 12,831 shares worth approximately $6.03 million following the completion of this transaction.
Also, Fernandez Henry A purchased 13,000 shares, netting a total of over 6,056,955 in proceeds. Following the buying of shares at $465.92 each, the insider now holds 327,479 shares.
Before that, Pettit CD Baer had added 7,500 shares to its account. In a trade valued at $3,445,575, the President & COO bought MSCI Inc shares for $459.41 each. Upon closing the transaction, the insider’s holdings increased to 7,500 shares, worth approximately $136.8 million.
As published in a research note from BofA Securities on April 30, 2024, MSCI Inc [MSCI] has been rated up from an Underperform to a Neutral and the price target has been revised to $525 from $425. Analysts at Deutsche Bank upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late April. As of April 24, 2024, Oppenheimer has decreased its “an Outperform” rating to a “Perform” for MSCI. Earlier on March 26, 2024, Wolfe Research initiated its rating. Their recommendation was “a Peer perform” for MSCI stock.
Analyzing MSCI Stock Performance
During the last five days, there has been a surge of approximately 1.16%. Over the course of the year, MSCI Inc shares have dropped approximately -16.90%. Shares of the company reached a 52-week high of $617.39 on 01/30/24 and a 52-week low of $439.95 on 04/23/24. A 50-day SMA is recorded $536.26, while a 200-day SMA reached $534.09. Nevertheless, trading volume fell to 0.91 million shares from 0.93 million shares the previous day.
Support And Resistance Levels for MSCI Inc (MSCI)
According to the 24-hour chart, there is a support level at 462.09, which, if violated, would cause prices to drop to 454.16. In the upper region, resistance lies at 479.22. The next price resistance is at 488.42. RSI (Relative Strength Index) is 34.92 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -19.19, which suggests the price will decrease in the coming days. Percent R is at 68.05%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
