Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. MarketAxess Holdings Inc. shares valued at $259,390 were sold by Casper Stephen P on Sep 06 ’24. At $259.39 per share, Casper Stephen P sold 1,000 shares. The insider’s holdings dropped to 9,201 shares worth approximately $2.52 million following the completion of this transaction.
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Also, McPherson Kevin M sold 1,692 shares, netting a total of over 407,992 in proceeds. Following the sale of shares at $241.13 each, the insider now holds 68,400 shares.
Before that, McPherson Kevin M had added 2,000 shares to its account. In a trade valued at $482,253, the Officer bought MarketAxess Holdings Inc. shares for $241.13 each.
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 7.77%. Over the course of the year, MarketAxess Holdings Inc. shares have dropped approximately -6.46%. 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 $243.61, while a 200-day SMA reached $228.89. Nevertheless, trading volume fell to 0.74 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 261.98, which, if violated, would cause prices to drop to 250.03. In the upper region, resistance lies at 280.23. The next price resistance is at 286.53. RSI (Relative Strength Index) is 74.56 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.24, which suggests the price will increase in the coming days. Percent R is at 2.81%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
