Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Moody’s Corp shares valued at $134,596 were sold by Fauber Robert on Nov 15 ’24. At $478.99 per share, Fauber Robert sold 281 shares. The insider’s holdings dropped to 61,354 shares worth approximately $29.12 million following the completion of this transaction.
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Also, Fauber Robert purchased 281 shares, netting a total of over 134,596 in proceeds.
Before that, West Michael L had sold 10,896 shares from its account. In a trade valued at $5,181,342, the President, Moody’s Investors traded Moody’s Corp shares for $475.53 each. Upon closing the transaction, the insider’s holdings decreased to 10,896 shares, worth approximately $4.08 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 drop of approximately -1.01%. Over the course of the year, Moody’s Corp shares have jumped approximately 21.52%. 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 $473.41, while a 200-day SMA reached $430.11. Nevertheless, trading volume fell to 0.93 million shares from 0.55 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 465.95, which, if violated, would cause prices to drop to 457.31. In the upper region, resistance lies at 480.85. The next price resistance is at 487.11. RSI (Relative Strength Index) is 53.02 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.42, which suggests the price will increase in the coming days. Percent R is at 34.73%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
