Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Moody’s Corp. shares valued at $116,284 were sold by Steele Richard G on Mar 04 ’24. At $382.34 per share, Steele Richard G sold 304 shares. The insider’s holdings dropped to 1,615 shares worth approximately $0.68 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Fauber Robert sold 2,547 shares, netting a total of over 958,946 in proceeds. Following the sale of shares at $376.50 each, the insider now holds 54,099 shares.
Before that, Fauber Robert had sold 2,546 shares from its account. In a trade valued at $994,544, the President and CEO traded Moody’s Corp. shares for $390.63 each. Upon closing the transaction, the insider’s holdings decreased to 2,546 shares, worth approximately $23.11 million.
As published in a research note from Barclays on April 02, 2024, Moody’s Corp. [MCO] has been rated up from an Equal weight to an Overweight and the price target has been revised to $450 from $375. Analysts at Wells Fargo upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in mid December. As of September 14, 2023, Wolfe Research has initiated its “an Outperform” rating for MCO. Earlier on July 03, 2023, Goldman resumed its rating. Their recommendation was “a Neutral” for MCO stock.
Analyzing MCO Stock Performance
During the last five days, there has been a drop of approximately -0.78%. Over the course of the year, Moody’s Corp. shares have jumped approximately 7.38%. Shares of the company reached a 52-week high of $428.79 on 06/24/24 and a 52-week low of $360.05 on 05/02/24. A 50-day SMA is recorded $399.97, while a 200-day SMA reached $373.44. Nevertheless, trading volume fell to 0.51 million shares from 0.93 million shares the previous day.
Support And Resistance Levels for Moody’s Corp. (MCO)
According to the 24-hour chart, there is a support level at 416.92, which, if violated, would cause prices to drop to 414.44. In the upper region, resistance lies at 421.29. The next price resistance is at 423.18. RSI (Relative Strength Index) is 59.00 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 7.28, which suggests the price will increase in the coming days. Percent R is at 31.40%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
