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The Potential Rise in the Price of Moody’s Corp. (MCO) following insiders activity

Moody’s Corp.’s filing revealed that its President, Moody’s Analytics Tulenko Stephen T unloaded Company’s shares for reported $0.23 million on Aug 09 ’24. In the deal valued at $464.06 per share,500 shares were sold. As a result of this transaction, Tulenko Stephen T now holds 6,647 shares worth roughly $3.24 million.

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Then, Steele Richard G sold 1,862 shares, generating $848,001 in total proceeds. Upon selling the shares at $455.43, the SVP – General Counsel now owns 1,040 shares.

Before that, Tulenko Stephen T bought 500 shares. Moody’s Corp. shares valued at $232,030 were divested by the Officer at a price of $464.06 per share.

Evercore ISI initiated its Moody’s Corp. [MCO] rating to an Outperform in a research note published on October 02, 2024; the price target was $521. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in late September from “a Mkt perform” to “an Underperform”. Wells Fargo began covering MCO with “an Overweight” recommendation on August 13, 2024. BMO Capital Markets revised its rating on July 24, 2024. It rated MCO as “a Market perform” which previously was an “an Outperform”.

Price Performance Review of MCO

On Tuesday, Moody’s Corp. [NYSE:MCO] saw its stock jump 1.61% to $487.18. Over the last five days, the stock has gained 3.44%. Moody’s Corp. shares have risen nearly 24.74% since the year began. Nevertheless, the stocks have risen 53.49% over the past one year. While a 52-week high of $495.10 was reached on 09/20/24, a 52-week low of $298.86 was recorded on 05/02/24. SMA at 50 days reached $474.96, while 200 days put it at $419.10.

Levels Of Support And Resistance For MCO Stock

The 24-hour chart illustrates a support level at 482.35, which if violated will result in even more drops to 477.52. On the upside, there is a resistance level at 490.66. A further resistance level may holdings at 494.14. The Relative Strength Index (RSI) on the 14-day chart is 60.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 8.82, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.52%. Stochastics %K at 88.09% indicates the stock is a selling.

How much short interest is there in Moody’s Corp.?

A steep rise in short interest was recorded in Moody’s Corp. stocks on 2024-09-30, growing by 1476.0 shares to a total of 1.55 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 1.55 million shares. There was a rise of 0.09%, which implies that there is a positive sentiment for the stock.

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