Moelis & Co’s recent filing unveils that its Director Shropshire Kenneth unloaded Company’s shares for reported $34299.0 on Jul 31 ’24. In the deal valued at $69.29 per share,495 shares were sold. As a result of this transaction, Shropshire Kenneth now holds 9,372 shares worth roughly $0.66 million.
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Then, Pilcher Ciafone Katherine sold 3,666 shares, generating $252,514 in total proceeds. Upon selling the shares at $68.88, the Chief Operating Officer now owns 0 shares.
Before that, MOELIS KENNETH sold 93,506 shares. Moelis & Co shares valued at $6,439,758 were divested by the Chairman, CEO at a price of $68.87 per share. As a result of the transaction, MOELIS KENNETH now holds 6,494 shares, worth roughly $0.46 million.
Wells Fargo initiated its Moelis & Co [MC] rating to an Equal weight in a research note published on September 12, 2024; the price target was $70. A number of analysts have revised their coverage, including Goldman’s analysts, who increased its forecast for the stock in mid March from “a Sell” to “a Neutral”. Goldman revised its rating on January 11, 2023. It rated MC as “a Sell” which previously was an “a Neutral”.
Price Performance Review of MC
On Friday, Moelis & Co [NYSE:MC] saw its stock fall -0.64% to $70.17. Over the last five days, the stock has gained 4.19%. Moelis & Co shares have risen nearly 25.01% since the year began. Nevertheless, the stocks have risen 53.78% over the past one year. While a 52-week high of $70.75 was reached on 09/20/24, a 52-week low of $38.58 was recorded on 04/25/24. SMA at 50 days reached $65.01, while 200 days put it at $57.23.
Levels Of Support And Resistance For MC Stock
The 24-hour chart illustrates a support level at 69.55, which if violated will result in even more drops to 68.93. On the upside, there is a resistance level at 70.81. A further resistance level may holdings at 71.44. The Relative Strength Index (RSI) on the 14-day chart is 64.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.69, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.96%. Stochastics %K at 90.98% indicates the stock is a selling.
How much short interest is there in Moelis & Co?
A steep rise in short interest was recorded in Moelis & Co stocks on 2024-08-30, dropping by -0.41 million shares to a total of 4.46 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 4.86 million shares. There was a decline of -9.16%, which implies that there is a negative sentiment for the stock.
