Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Marsh & McLennan Cos., Inc. shares valued at $503,208 were purchased by Beswick Paul on Sep 05 ’24. At $232.00 per share, Beswick Paul acquired 2,169 shares.
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Also, MCGIVNEY MARK C sold 50,928 shares, netting a total of over 11,470,126 in proceeds. Following the sale of shares at $225.22 each, the insider now holds 33,678 shares.
Before that, MCGIVNEY MARK C had added 50,928 shares to its account. In a trade valued at $11,470,131, the Officer bought Marsh & McLennan Cos., Inc. shares for $225.22 each.
As published in their initiating research note from Barclays on September 05, 2024, Marsh & McLennan Cos., Inc. [MMC] has been an Equal weight and the price target has been revised to $236. Analysts at Piper Sandler downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in mid April. As of April 11, 2024, Wells Fargo has decreased its “an Overweight” rating to a “an Equal weight” for MMC. Earlier on January 10, 2024, TD Cowen initiated its rating. Their recommendation was “a Market perform” for MMC stock.
Analyzing MMC Stock Performance
During the last five days, there has been a surge of approximately 1.12%. Over the course of the year, Marsh & McLennan Cos., Inc. shares have jumped approximately 20.58%. Shares of the company reached a 52-week high of $232.32 on 09/05/24 and a 52-week low of $188.31 on 01/25/24. A 50-day SMA is recorded $219.67, while a 200-day SMA reached $205.45. Nevertheless, trading volume fell to 1.51 million shares from 1.5 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 226.53, which, if violated, would cause prices to drop to 224.61. In the upper region, resistance lies at 231.35. The next price resistance is at 234.25. RSI (Relative Strength Index) is 62.48 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.75, which suggests the price will increase in the coming days. Percent R is at 33.12%, indicating low price movement. Stochastics %K at selling indicates that the stock is to be held.
