Marsh & McLennan Cos., Inc’s filing revealed that its Director FANJUL OSCAR unloaded Company’s shares for reported $0.55 million on Oct 30 ’24. In the deal valued at $221.55 per share,2,500 shares were sold. As a result of this transaction, FANJUL OSCAR now holds 48,549 shares worth roughly $10.64 million.
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Then, FANJUL OSCAR sold 2,500 shares, generating $551,350 in total proceeds. Upon selling the shares at $220.54, the Director now owns 46,049 shares.
Before that, Beswick Paul sold 2,169 shares. Marsh & McLennan Cos., Inc shares valued at $503,208 were divested by the SVP, Chief Information Officer at a price of $232.00 per share. As a result of the transaction, Beswick Paul now holds 10,692 shares, worth roughly $2.34 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 jump 0.39% to $219.10. Over the last five days, the stock has lost -1.00%. Marsh & McLennan Cos., Inc shares have risen nearly 15.64% since the year began. Nevertheless, the stocks have risen 15.29% over the past one year. While a 52-week high of $232.32 was reached on 09/05/24, a 52-week low of $184.28 was recorded on 01/25/24. SMA at 50 days reached $225.07, while 200 days put it at $211.71.
Levels Of Support And Resistance For MMC Stock
The 24-hour chart illustrates a support level at 217.67, which if violated will result in even more drops to 216.25. On the upside, there is a resistance level at 220.61. A further resistance level may holdings at 222.13. The Relative Strength Index (RSI) on the 14-day chart is 39.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.78%. Stochastics %K at 7.20% indicates the stock is a buying.
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 2024-10-15, dropping by 54890.0 shares to a total of 4.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 4.59 million shares. There was a decline of -1.21%, which implies that there is a negative sentiment for the stock.