Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Morningstar Inc shares valued at $3,157,699 were sold by Mansueto Joseph D on Nov 08 ’24. At $348.45 per share, Mansueto Joseph D sold 9,062 shares. The insider’s holdings dropped to 10,808,583 shares worth approximately $3.73 billion following the completion of this transaction.
Also, Mansueto Joseph D sold 7,222 shares, netting a total of over 2,525,281 in proceeds. Following the sale of shares at $349.67 each, the insider now holds 10,801,361 shares.
Before that, Kaplan Steven N had added 1,250 shares to its account. In a trade valued at $435,725, the Director bought Morningstar Inc shares for $348.58 each.
As published in a research note from Redburn Atlantic on October 09, 2024, Morningstar Inc [MORN] has been rated down from a Buy to a Neutral and the price target has been revised to $340. Analysts at UBS started covering the stock with ‘”a Buy”‘ outlook in a report released in early October. As of August 12, 2024, BMO Capital Markets has initiated its “an Outperform” rating for MORN. Earlier on October 30, 2023, Redburn Atlantic upgraded its rating. Their new recommendation was “an Overweight” for MORN stock which previously was a “a Neutral”.
Analyzing MORN Stock Performance
During the last five days, there has been a surge of approximately 0.31%. Over the course of the year, Morningstar Inc shares have jumped approximately 20.69%. Shares of the company reached a 52-week high of $352.55 on 11/13/24 and a 52-week low of $269.51 on 02/20/24. A 50-day SMA is recorded $328.13, while a 200-day SMA reached $306.59. Nevertheless, trading volume fell to 0.12 million shares from 83900.0 shares the previous day.
Support And Resistance Levels for Morningstar Inc (MORN)
According to the 24-hour chart, there is a support level at 342.43, which, if violated, would cause prices to drop to 339.40. In the upper region, resistance lies at 350.53. The next price resistance is at 355.59. RSI (Relative Strength Index) is 60.63 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 9.95, which suggests the price will increase in the coming days. Percent R is at 26.88%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
