Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Marsh & McLennan Cos., Inc. shares valued at $503,208 were sold by Beswick Paul on Sep 05 ’24. At $232.00 per share, Beswick Paul sold 2,169 shares. The insider’s holdings dropped to 10,692 shares worth approximately $2.39 million following the completion of this transaction.
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Also, Beswick Paul purchased 2,169 shares, netting a total of over 503,208 in proceeds.
Before that, MCGIVNEY MARK C had sold 50,928 shares from its account. In a trade valued at $11,470,126, the Chief Financial Officer traded Marsh & McLennan Cos., Inc. shares for $225.22 each. Upon closing the transaction, the insider’s holdings decreased to 50,928 shares, worth approximately $7.53 million.
As published in their initiating research note from Barclays on September 05, 2024, Marsh & McLennan Cos., Inc. [MMC] has been an Equal weight and the price target has been revised to $236. Analysts at Piper Sandler downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in mid April. As of April 11, 2024, Wells Fargo has decreased its “an Overweight” rating to a “an Equal weight” for MMC. Earlier on January 10, 2024, TD Cowen initiated its rating. Their recommendation was “a Market perform” for MMC stock.
Analyzing MMC Stock Performance
During the last five days, there has been a drop of approximately -1.94%. Over the course of the year, Marsh & McLennan Cos., Inc. shares have jumped approximately 17.96%. Nevertheless, trading volume fell to 4.37 million shares from 1.61 million shares the previous day.
Support And Resistance Levels for Marsh & McLennan Cos., Inc. (MMC)
RSI (Relative Strength Index) is 47.56 on the 14-day chart, showing neutral technical sentiment.
