Moody’s Corp’s recently made public that its President and CEO Fauber Robert unloaded Company’s shares for reported $0.13 million on Nov 15 ’24. In the deal valued at $478.99 per share,281 shares were sold. As a result of this transaction, Fauber Robert now holds 61,354 shares worth roughly $30.31 million.
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Then, Fauber Robert bought 281 shares, generating $134,596 in total proceeds.
Before that, West Michael L sold 10,896 shares. Moody’s Corp shares valued at $5,181,342 were divested by the President, Moody’s Investors at a price of $475.53 per share. As a result of the transaction, West Michael L now holds 8,607 shares, worth roughly $4.25 million.
Evercore ISI initiated its Moody’s Corp [MCO] rating to an Outperform in a research note published on October 02, 2024; the price target was $521. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in late September from “a Mkt perform” to “an Underperform”. Wells Fargo began covering MCO with “an Overweight” recommendation on August 13, 2024. BMO Capital Markets revised its rating on July 24, 2024. It rated MCO as “a Market perform” which previously was an “an Outperform”.
Price Performance Review of MCO
On Monday, Moody’s Corp [NYSE:MCO] saw its stock jump 2.78% to $494.03. Over the last five days, the stock has gained 4.68%. Moody’s Corp shares have risen nearly 26.49% since the year began. Nevertheless, the stocks have risen 36.33% over the past one year. While a 52-week high of $495.10 was reached on 09/20/24, a 52-week low of $358.49 was recorded on 05/02/24. SMA at 50 days reached $473.65, while 200 days put it at $431.33.
Levels Of Support And Resistance For MCO Stock
The 24-hour chart illustrates a support level at 486.66, which if violated will result in even more drops to 479.29. On the upside, there is a resistance level at 498.08. A further resistance level may holdings at 502.13. The Relative Strength Index (RSI) on the 14-day chart is 66.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 8.45, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.65%. Stochastics %K at 84.77% indicates the stock is a selling.
How much short interest is there in Moody’s Corp?
A steep rise in short interest was recorded in Moody’s Corp stocks on 2024-10-31, growing by 0.27 million shares to a total of 1.83 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.55 million shares. There was a rise of 14.93%, which implies that there is a positive sentiment for the stock.
