Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Morningstar Inc shares valued at $1,020,380 were sold by DUBINSKY JASON on Jul 02 ’24. At $300.11 per share, DUBINSKY JASON sold 3,400 shares. The insider’s holdings dropped to 20,181 shares worth approximately $6.05 million following the completion of this transaction.
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Also, Lyons William M sold 750 shares, netting a total of over 220,657 in proceeds. Following the sale of shares at $294.21 each, the insider now holds 15,840 shares.
Before that, TSAY CAROLINE J had sold 290 shares from its account. In a trade valued at $86,124, the Director traded Morningstar Inc shares for $296.98 each. Upon closing the transaction, the insider’s holdings decreased to 290 shares, worth approximately $1.18 million.
As published in a research note from Redburn Atlantic on October 30, 2023, Morningstar Inc [MORN] has been rated up from a Neutral to an Overweight and the price target has been revised to $320. Analysts at Redburn downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid January. As of September 20, 2022, Redburn has increased its “Neutral” rating to a “Buy” for MORN. Earlier on October 31, 2008, Keefe Bruyette downgraded its rating. Their new recommendation was “a Mkt perform” for MORN stock which previously was a “an Outperform”.
Analyzing MORN Stock Performance
During the last five days, there has been a surge of approximately 1.70%. Over the course of the year, Morningstar Inc shares have jumped approximately 4.78%. Shares of the company reached a 52-week high of $316.05 on 04/08/24 and a 52-week low of $269.51 on 02/20/24. A 50-day SMA is recorded $293.53, while a 200-day SMA reached $279.83. Nevertheless, trading volume fell to 92156.0 shares from 0.12 million shares the previous day.
Support And Resistance Levels for Morningstar Inc (MORN)
According to the 24-hour chart, there is a support level at 298.18, which, if violated, would cause prices to drop to 294.96. In the upper region, resistance lies at 303.81. The next price resistance is at 306.22. RSI (Relative Strength Index) is 58.94 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.22, which suggests the price will increase in the coming days. Percent R is at 7.59%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.
