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The Potential Rise in the Price of Marsh & McLennan Cos., Inc. (MMC) following insiders activity

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Marsh & McLennan Cos., Inc.’s filing revealed that its SVP, Chief Information Officer Beswick Paul unloaded Company’s shares for reported $0.46 million on May 17 ’24. In the deal valued at $210.13 per share,2,169 shares were sold. As a result of this transaction, Beswick Paul now holds 13,030 shares worth roughly $2.72 million.

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Then, Mills Stacy sold 1,461 shares, generating $305,583 in total proceeds. Upon selling the shares at $209.16, the Vice President and Controller now owns 2,923 shares.

Before that, Klisura Dean Michael sold 9,994 shares. Marsh & McLennan Cos., Inc. shares valued at $2,048,770 were divested by the President & CEO, Guy Carpenter at a price of $205.00 per share. As a result of the transaction, Klisura Dean Michael now holds 20,935 shares, worth roughly $4.37 million.

Piper Sandler downgraded its Marsh & McLennan Cos., Inc. [MMC] rating to a Neutral from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in mid April from “an Overweight” to “an Equal weight”. TD Cowen began covering MMC with “Market perform” recommendation on January 10, 2024. Goldman revised its rating on January 08, 2024. It rated MMC as “a Sell” which previously was an “a Buy”.

Price Performance Review of MMC

On Friday, Marsh & McLennan Cos., Inc. [NYSE:MMC] saw its stock fall -0.30% to $208.88. Over the last five days, the stock has lost -0.53%. Marsh & McLennan Cos., Inc. shares have risen nearly 10.24% since the year began. Nevertheless, the stocks have risen 17.28% over the past one year. While a 52-week high of $211.53 was reached on 05/22/24, a 52-week low of $176.66 was recorded on 01/25/24. SMA at 50 days reached $204.33, while 200 days put it at $198.28. A total of 0.8 million shares were traded, compared to the trading of 1.73 million shares in the previous session.

Levels Of Support And Resistance For MMC Stock

The 24-hour chart illustrates a support level at 208.12, which if violated will result in even more drops to 207.37. On the upside, there is a resistance level at 209.63. A further resistance level may holdings at 210.38. The Relative Strength Index (RSI) on the 14-day chart is 55.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.94, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 22.97%. Stochastics %K at 85.05% indicates the stock is a selling.

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