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 $232,030 were sold by Tulenko Stephen T on Aug 09 ’24. At $464.06 per share, Tulenko Stephen T sold 500 shares. The insider’s holdings dropped to 6,647 shares worth approximately $3.1 million following the completion of this transaction.
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Also, Steele Richard G sold 1,862 shares, netting a total of over 848,001 in proceeds. Following the sale of shares at $455.43 each, the insider now holds 1,040 shares.
Before that, Tulenko Stephen T had added 500 shares to its account. In a trade valued at $232,030, the Officer bought Moody’s Corp. shares for $464.06 each.
As published in their initiating research note from Wells Fargo on August 13, 2024, Moody’s Corp. [MCO] has been an Overweight and the price target has been revised to $510. Analysts at BMO Capital Markets downgraded the stock from ‘”an Outperform”‘ to ‘”a Market perform”‘ outlook in a report released in late July. As of April 02, 2024, Barclays has increased its “an Equal weight” rating to a “an Overweight” for MCO. Earlier on December 15, 2023, Wells Fargo upgraded its rating. Their new recommendation was “an Overweight” for MCO stock which previously was a “an Equal weight”.
Analyzing MCO Stock Performance
During the last five days, there has been a surge of approximately 3.35%. Over the course of the year, Moody’s Corp. shares have jumped approximately 19.35%. Shares of the company reached a 52-week high of $467.02 on 08/14/24 and a 52-week low of $360.05 on 05/02/24. A 50-day SMA is recorded $435.29, while a 200-day SMA reached $394.01. Nevertheless, trading volume fell to 0.81 million shares from 0.89 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 462.98, which, if violated, would cause prices to drop to 459.82. In the upper region, resistance lies at 468.17. The next price resistance is at 470.19. RSI (Relative Strength Index) is 62.19 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 7.23, which suggests the price will increase in the coming days. Percent R is at 3.15%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
