Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. MarketAxess Holdings Inc. shares valued at $407,992 were sold by McPherson Kevin M on Aug 14 ’24. At $241.13 per share, McPherson Kevin M sold 1,692 shares. The insider’s holdings dropped to 68,400 shares worth approximately $16.54 million following the completion of this transaction.
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Also, McPherson Kevin M purchased 2,000 shares, netting a total of over 482,253 in proceeds.
Before that, Pintoff Scott had sold 900 shares from its account. In a trade valued at $216,009, the General Counsel and Secretary traded MarketAxess Holdings Inc. shares for $240.01 each. Upon closing the transaction, the insider’s holdings decreased to 900 shares, worth approximately $2.08 million.
As published in their initiating research note from BofA Securities on April 10, 2024, MarketAxess Holdings Inc. [MKTX] has been an Underperform and the price target has been revised to $199. As of January 08, 2024, Barclays has decreased its “an Overweight” rating to a “an Equal weight” for MKTX. Earlier on October 06, 2023, UBS initiated its rating. Their recommendation was “a Buy” for MKTX stock.
Analyzing MKTX Stock Performance
During the last five days, there has been a surge of approximately 2.66%. Over the course of the year, MarketAxess Holdings Inc. shares have dropped approximately -17.41%. Shares of the company reached a 52-week high of $291.70 on 01/02/24 and a 52-week low of $192.42 on 06/25/24. A 50-day SMA is recorded $223.17, while a 200-day SMA reached $227.80. Nevertheless, trading volume fell to 0.35 million shares from 0.35 million shares the previous day.
Support And Resistance Levels for MarketAxess Holdings Inc. (MKTX)
According to the 24-hour chart, there is a support level at 239.60, which, if violated, would cause prices to drop to 237.33. In the upper region, resistance lies at 243.36. The next price resistance is at 244.85. RSI (Relative Strength Index) is 60.73 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.68, which suggests the price will increase in the coming days. Percent R is at 33.32%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
