Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Moody’s Corp. shares valued at $232,030 were sold by Tulenko Stephen T on Aug 09 ’24. At $464.06 per share, Tulenko Stephen T sold 500 shares. The insider’s holdings dropped to 6,647 shares worth approximately $3.12 million following the completion of this transaction.
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Also, Steele Richard G sold 1,862 shares, netting a total of over 848,001 in proceeds. Following the sale of shares at $455.43 each, the insider now holds 1,040 shares.
Before that, Tulenko Stephen T had added 500 shares to its account. In a trade valued at $232,030, the Officer bought Moody’s Corp. shares for $464.06 each.
As published in their initiating research note from Evercore ISI on October 02, 2024, Moody’s Corp. [MCO] has been an Outperform and the price target has been revised to $521. Analysts at Raymond James downgraded the stock from ‘”a Mkt perform”‘ to ‘”an Underperform”‘ outlook in a report released in late September. As of August 13, 2024, Wells Fargo has initiated its “an Overweight” rating for MCO. Earlier on July 24, 2024, BMO Capital Markets downgraded its rating. Their new recommendation was “a Market perform” for MCO stock which previously was a “an Outperform”.
Analyzing MCO Stock Performance
During the last five days, there has been a surge of approximately 0.38%. Over the course of the year, Moody’s Corp. shares have jumped approximately 20.19%. Shares of the company reached a 52-week high of $495.10 on 09/20/24 and a 52-week low of $360.05 on 05/02/24. A 50-day SMA is recorded $473.36, while a 200-day SMA reached $417.73. Nevertheless, trading volume fell to 0.56 million shares from 1.09 million shares the previous day.
Support And Resistance Levels for Moody’s Corp. (MCO)
According to the 24-hour chart, there is a support level at 466.98, which, if violated, would cause prices to drop to 464.55. In the upper region, resistance lies at 472.63. The next price resistance is at 475.85. RSI (Relative Strength Index) is 46.72 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.09, which suggests the price will decrease in the coming days. Percent R is at 65.87%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
