In a filing, Marsh & McLennan Cos., Inc. revealed its SVP, Chief Information Officer Beswick Paul unloaded Company’s shares for reported $0.5 million on Sep 05 ’24. In the deal valued at $232.00 per share,2,169 shares were sold. As a result of this transaction, Beswick Paul now holds 10,692 shares worth roughly $2.4 million.
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Then, Beswick Paul bought 2,169 shares, generating $503,208 in total proceeds.
Before that, MCGIVNEY MARK C sold 50,928 shares. Marsh & McLennan Cos., Inc. shares valued at $11,470,126 were divested by the Chief Financial Officer at a price of $225.22 per share. As a result of the transaction, MCGIVNEY MARK C now holds 33,678 shares, worth roughly $7.57 million.
Barclays initiated its Marsh & McLennan Cos., Inc. [MMC] rating to an Equal weight in a research note published on September 05, 2024; the price target was $236. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in mid April from “an Overweight” to “a Neutral”. Wells Fargo also remained covering MMC and has decreased its forecast on April 11, 2024 with a “an Equal weight” recommendation from previously “an Overweight” rating. TD Cowen started covering the stock on January 10, 2024. It rated MMC as “a Market perform”.
Price Performance Review of MMC
On Friday, Marsh & McLennan Cos., Inc. [NYSE:MMC] saw its stock fall -1.00% to $224.66. Over the last five days, the stock has lost -0.17%. Marsh & McLennan Cos., Inc. shares have risen nearly 18.57% since the year began. Nevertheless, the stocks have risen 18.46% over the past one year. While a 52-week high of $232.32 was reached on 09/05/24, a 52-week low of $184.02 was recorded on 01/25/24. SMA at 50 days reached $225.14, while 200 days put it at $210.33.
Levels Of Support And Resistance For MMC Stock
The 24-hour chart illustrates a support level at 222.34, which if violated will result in even more drops to 220.02. On the upside, there is a resistance level at 228.17. A further resistance level may holdings at 231.68. The Relative Strength Index (RSI) on the 14-day chart is 49.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.06, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 57.57%. Stochastics %K at 60.94% indicates the stock is a holding.
How much short interest is there in Marsh & McLennan Cos., Inc.?
A steep rise in short interest was recorded in Marsh & McLennan Cos., Inc. stocks on 2024-09-30, dropping by -0.56 million shares to a total of 4.4 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 4.96 million shares. There was a decline of -12.69%, which implies that there is a negative sentiment for the stock.
