Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Moody’s Corp shares valued at $5,181,342 were sold by West Michael L on Nov 08 ’24. At $475.53 per share, West Michael L sold 10,896 shares. The insider’s holdings dropped to 8,607 shares worth approximately $4.13 million following the completion of this transaction.
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Also, West Michael L purchased 10,896 shares, netting a total of over 5,181,297 in proceeds.
Before that, Fauber Robert had sold 281 shares from its account. In a trade valued at $128,130, the President and CEO traded Moody’s Corp shares for $455.98 each. Upon closing the transaction, the insider’s holdings decreased to 281 shares, worth approximately $29.41 million.
As published in their initiating research note from Evercore ISI on October 02, 2024, Moody’s Corp [MCO] has been an Outperform and the price target has been revised to $521. Analysts at Raymond James downgraded the stock from ‘”a Mkt perform”‘ to ‘”an Underperform”‘ outlook in a report released in late September. As of August 13, 2024, Wells Fargo has initiated its “an Overweight” rating for MCO. Earlier on July 24, 2024, BMO Capital Markets downgraded its rating. Their new recommendation was “a Market perform” for MCO stock which previously was a “an Outperform”.
Analyzing MCO Stock Performance
During the last five days, there has been a surge of approximately 3.96%. Over the course of the year, Moody’s Corp shares have jumped approximately 22.75%. Shares of the company reached a 52-week high of $495.10 on 09/20/24 and a 52-week low of $360.05 on 05/02/24. A 50-day SMA is recorded $474.08, while a 200-day SMA reached $428.20. Nevertheless, trading volume fell to 0.91 million shares from 0.53 million shares the previous day.
Support And Resistance Levels for Moody’s Corp (MCO)
According to the 24-hour chart, there is a support level at 475.89, which, if violated, would cause prices to drop to 472.37. In the upper region, resistance lies at 482.98. The next price resistance is at 486.54. RSI (Relative Strength Index) is 58.97 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 12.59, which suggests the price will increase in the coming days. Percent R is at 11.04%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
