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Moelis & Co (MC) rating upgrades by Goldman

Moelis & Co’s filing revealed that its Co-President, MD MAHMOODZADEGAN NAVID unloaded Company’s shares for reported $2.47 million on May 13 ’24. In the deal valued at $54.92 per share,44,980 shares were sold. As a result of this transaction, MAHMOODZADEGAN NAVID now holds 0 shares worth roughly $0.0.

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Then, MOELIS KENNETH sold 37,102 shares, generating $2,007,589 in total proceeds. Upon selling the shares at $54.11, the Chairman, CEO now owns 5,339 shares.

Before that, MOELIS KENNETH sold 40,000 shares. Moelis & Co shares valued at $2,159,200 were divested by the Chairman, CEO at a price of $53.98 per share. As a result of the transaction, MOELIS KENNETH now holds 42,441 shares, worth roughly $2.43 million.

Goldman upgraded its Moelis & Co [MC] rating to a Neutral from a a Sell in a research note published on March 13, 2024; the price target was increased to $58 from $53. Goldman also remained covering MC and has decreased its forecast on January 11, 2023 with a “Sell” recommendation from previously “Neutral” rating. Keefe Bruyette revised its rating on November 03, 2022. It rated MC as “an Underperform” which previously was an “a Mkt perform”.

Price Performance Review of MC

On Tuesday, Moelis & Co [NYSE:MC] saw its stock jump 0.18% to $57.24. Over the last five days, the stock has gained 8.33%. Moelis & Co shares have risen nearly 1.98% since the year began. Nevertheless, the stocks have risen 26.25% over the past one year. While a 52-week high of $58.67 was reached on 05/28/24, a 52-week low of $38.58 was recorded on 04/25/24. SMA at 50 days reached $54.17, while 200 days put it at $51.57. A total of 0.3 million shares were traded, compared to the trading of 2.07 million shares in the previous session.

Levels Of Support And Resistance For MC Stock

The 24-hour chart illustrates a support level at 56.88, which if violated will result in even more drops to 56.51. On the upside, there is a resistance level at 57.68. A further resistance level may holdings at 58.11. The Relative Strength Index (RSI) on the 14-day chart is 64.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.13, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.39%. Stochastics%K at 92.17% indicates the stock is a selling.

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