Marsh & McLennan Cos., Inc.’s recent filing unveils that its Chief Financial Officer MCGIVNEY MARK C unloaded Company’s shares for reported $11.47 million on Aug 22 ’24. In the deal valued at $225.22 per share,50,928 shares were sold. As a result of this transaction, MCGIVNEY MARK C now holds 33,678 shares worth roughly $7.56 million.
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Then, MCGIVNEY MARK C bought 50,928 shares, generating $11,470,131 in total proceeds.
Before that, FANJUL OSCAR sold 2,500 shares. Marsh & McLennan Cos., Inc. shares valued at $548,328 were divested by the Director at a price of $219.33 per share. As a result of the transaction, FANJUL OSCAR now holds 50,893 shares, worth roughly $11.42 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 Monday, Marsh & McLennan Cos., Inc. [NYSE:MMC] saw its stock jump 0.47% to $224.36. Over the last five days, the stock has gained 0.53%. Marsh & McLennan Cos., Inc. shares have risen nearly 18.41% since the year began. Nevertheless, the stocks have risen 16.98% over the past one year. While a 52-week high of $227.63 was reached on 08/02/24, a 52-week low of $184.02 was recorded on 01/25/24. SMA at 50 days reached $217.57, while 200 days put it at $204.41.
Levels Of Support And Resistance For MMC Stock
The 24-hour chart illustrates a support level at 222.51, which if violated will result in even more drops to 220.66. On the upside, there is a resistance level at 225.82. A further resistance level may holdings at 227.28. The Relative Strength Index (RSI) on the 14-day chart is 60.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.86, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 21.02%. Stochastics %K at 77.81% indicates the stock is a holding.
How much short interest is there in Marsh & McLennan Cos., Inc.?
A steep rise in short interest was recorded in Marsh & McLennan Cos., Inc. stocks on 2024-07-31, dropping by -0.18 million shares to a total of 4.26 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 4.43 million shares. There was a decline of -4.13%, which implies that there is a negative sentiment for the stock.
