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Piper Sandler’s latest rating for MMC stock

Marsh & McLennan Cos., Inc.’s recently made public that its Director FANJUL OSCAR unloaded Company’s shares for reported $1.25 million on Jun 13 ’24. In the deal valued at $209.01 per share,6,000 shares were sold. As a result of this transaction, FANJUL OSCAR now holds 53,393 shares worth roughly $11.25 million.

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Then, Beswick Paul sold 2,169 shares, generating $455,772 in total proceeds. Upon selling the shares at $210.13, the SVP, Chief Information Officer now owns 13,030 shares.

Before that, Mills Stacy sold 1,461 shares. Marsh & McLennan Cos., Inc. shares valued at $305,583 were divested by the Vice President and Controller at a price of $209.16 per share. As a result of the transaction, Mills Stacy now holds 2,923 shares, worth roughly $0.62 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 -0.10% to $210.72. Over the last five days, the stock has lost -1.72%. Marsh & McLennan Cos., Inc. shares have risen nearly 11.22% since the year began. Nevertheless, the stocks have risen 14.94% over the past one year. While a 52-week high of $216.89 was reached on 06/24/24, a 52-week low of $182.42 was recorded on 01/25/24. SMA at 50 days reached $206.53, while 200 days put it at $199.07. A total of 6.98 million shares were traded, compared to the trading of 1.52 million shares in the previous session.

Levels Of Support And Resistance For MMC Stock

The 24-hour chart illustrates a support level at 209.61, which if violated will result in even more drops to 208.49. On the upside, there is a resistance level at 211.90. A further resistance level may holdings at 213.07. The Relative Strength Index (RSI) on the 14-day chart is 52.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.77%. Stochastics%K at 38.22% indicates the stock is a holding.

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