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. MarketAxess Holdings Inc shares valued at $5,435,009 were sold by McVey Richard M on Nov 12 ’24. At $271.75 per share, McVey Richard M sold 20,000 shares. The insider’s holdings dropped to 592,029 shares worth approximately $154.11 million following the completion of this transaction.
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Also, McVey Richard M sold 20,000 shares, netting a total of over 5,391,483 in proceeds. Following the sale of shares at $269.57 each, the insider now holds 572,029 shares.
Before that, McVey Richard M had sold 10,000 shares from its account. In a trade valued at $2,676,737, the Executive Chairman traded MarketAxess Holdings Inc shares for $267.67 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $146.3 million.
As published in their initiating research note from BofA Securities on April 10, 2024, MarketAxess Holdings Inc [MKTX] has been an Underperform and the price target has been revised to $199. As of January 08, 2024, Barclays has decreased its “an Overweight” rating to a “an Equal weight” for MKTX. Earlier on October 06, 2023, UBS initiated its rating. Their recommendation was “a Buy” for MKTX stock.
Analyzing MKTX Stock Performance
During the last five days, there has been a drop of approximately -1.76%. Over the course of the year, MarketAxess Holdings Inc shares have dropped approximately -11.11%. Shares of the company reached a 52-week high of $296.68 on 10/30/24 and a 52-week low of $192.42 on 06/25/24. A 50-day SMA is recorded $273.15, while a 200-day SMA reached $230.86. Nevertheless, trading volume fell to 0.51 million shares from 0.32 million shares the previous day.
Support And Resistance Levels for MarketAxess Holdings Inc (MKTX)
According to the 24-hour chart, there is a support level at 255.85, which, if violated, would cause prices to drop to 251.40. In the upper region, resistance lies at 266.00. The next price resistance is at 271.70. RSI (Relative Strength Index) is 32.91 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -6.28, which suggests the price will decrease in the coming days. Percent R is at 90.42%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
