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Recent Insider Activity Could Benefit Moody’s Corp (MCO)

Moody’s Corp’s filing revealed that its Officer Fauber Robert acquired Company’s shares for reported $0.14 million on Dec 02 ’24. In the deal valued at $499.51 per share,281 shares were bought.

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Then, Fauber Robert sold 281 shares, generating $134,596 in total proceeds. Upon selling the shares at $478.99, the President and CEO now owns 61,354 shares.

Before that, Fauber Robert bought 281 shares. Moody’s Corp shares valued at $134,596 were divested by the Officer at a price of $478.99 per share.

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 fall -0.51% to $497.41. Over the last five days, the stock has gained 3.48%. Moody’s Corp shares have risen nearly 27.36% since the year began. Nevertheless, the stocks have risen 36.29% over the past one year. While a 52-week high of $503.95 was reached on 11/27/24, a 52-week low of $358.68 was recorded on 05/02/24. SMA at 50 days reached $474.56, while 200 days put it at $433.77.

Levels Of Support And Resistance For MCO Stock

The 24-hour chart illustrates a support level at 493.96, which if violated will result in even more drops to 490.51. On the upside, there is a resistance level at 500.54. A further resistance level may holdings at 503.67. The Relative Strength Index (RSI) on the 14-day chart is 66.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 15.41, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 16.19%. Stochastics %K at 88.80% 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 2024-11-15, dropping by -0.32 million shares to a total of 1.45 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 1.77 million shares. There was a decline of -22.23%, which implies that there is a negative sentiment for the stock.

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