The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Marsh & McLennan Cos., Inc shares valued at $553,875 were sold by FANJUL OSCAR on Oct 30 ’24. At $221.55 per share, FANJUL OSCAR sold 2,500 shares. The insider’s holdings dropped to 48,549 shares worth approximately $10.84 million following the completion of this transaction.
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Also, FANJUL OSCAR sold 2,500 shares, netting a total of over 551,350 in proceeds. Following the sale of shares at $220.54 each, the insider now holds 46,049 shares.
Before that, Beswick Paul had sold 2,169 shares from its account. In a trade valued at $503,208, the SVP, Chief Information Officer traded Marsh & McLennan Cos., Inc shares for $232.00 each. Upon closing the transaction, the insider’s holdings decreased to 2,169 shares, worth approximately $2.39 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 surge of approximately 1.01%. Over the course of the year, Marsh & McLennan Cos., Inc shares have jumped approximately 17.83%. Shares of the company reached a 52-week high of $232.32 on 09/05/24 and a 52-week low of $188.31 on 01/25/24. A 50-day SMA is recorded $224.91, while a 200-day SMA reached $212.06. Nevertheless, trading volume fell to 2.66 million shares from 1.51 million shares the previous day.
Support And Resistance Levels for Marsh & McLennan Cos., Inc (MMC)
According to the 24-hour chart, there is a support level at 219.73, which, if violated, would cause prices to drop to 216.20. In the upper region, resistance lies at 228.20. The next price resistance is at 233.14. RSI (Relative Strength Index) is 51.36 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.29, which suggests the price will decrease in the coming days. Percent R is at 53.71%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
