The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Marsh & McLennan Cos., Inc. shares valued at $477,180 were sold by Beswick Paul on Jul 16 ’24. At $220.00 per share, Beswick Paul sold 2,169 shares. The insider’s holdings dropped to 11,861 shares worth approximately $2.66 million following the completion of this transaction.
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Also, FANJUL OSCAR sold 6,000 shares, netting a total of over 1,254,070 in proceeds. Following the sale of shares at $209.01 each, the insider now holds 53,393 shares.
Before that, Beswick Paul had sold 2,169 shares from its account. In a trade valued at $455,772, the SVP, Chief Information Officer traded Marsh & McLennan Cos., Inc. shares for $210.13 each. Upon closing the transaction, the insider’s holdings decreased to 2,169 shares, worth approximately $2.93 million.
As published in a research note from Piper Sandler on April 17, 2024, Marsh & McLennan Cos., Inc. [MMC] has been rated down from an Overweight to a Neutral and the price target has been revised to $211. Analysts at Wells Fargo downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in mid April. As of January 10, 2024, TD Cowen has initiated its “Market perform” rating for MMC. Earlier on January 08, 2024, Goldman downgraded its rating. Their new recommendation was “a Sell” for MMC stock which previously was a “a Buy”.
Analyzing MMC Stock Performance
During the last five days, there has been a surge of approximately 3.96%. Over the course of the year, Marsh & McLennan Cos., Inc. shares have jumped approximately 18.55%. Shares of the company reached a 52-week high of $224.61 on 08/01/24 and a 52-week low of $188.31 on 01/25/24. A 50-day SMA is recorded $213.10, while a 200-day SMA reached $201.77. Nevertheless, trading volume fell to 1.7 million shares from 1.37 million shares the previous day.
Support And Resistance Levels for Marsh & McLennan Cos., Inc. (MMC)
According to the 24-hour chart, there is a support level at 222.88, which, if violated, would cause prices to drop to 221.16. In the upper region, resistance lies at 225.47. The next price resistance is at 226.34. RSI (Relative Strength Index) is 69.86 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.84, which suggests the price will increase in the coming days. Percent R is at 0.00%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.
