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. Marsh & McLennan Cos., Inc shares valued at $553,875 were sold by FANJUL OSCAR on Oct 30 ’24. At $221.55 per share, FANJUL OSCAR sold 2,500 shares. The insider’s holdings dropped to 48,549 shares worth approximately $11.08 million following the completion of this transaction.
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Also, FANJUL OSCAR sold 2,500 shares, netting a total of over 551,350 in proceeds. Following the sale of shares at $220.54 each, the insider now holds 46,049 shares.
Before that, Beswick Paul had sold 2,169 shares from its account. In a trade valued at $503,208, the SVP, Chief Information Officer traded Marsh & McLennan Cos., Inc shares for $232.00 each. Upon closing the transaction, the insider’s holdings decreased to 2,169 shares, worth approximately $2.44 million.
Analysts at Barclays started covering the stock with ‘”an Equal weight”‘ outlook in a report released in early September. As of April 17, 2024, Piper Sandler has decreased its “an Overweight” rating to a “Neutral” for MMC. Earlier on April 11, 2024, Wells Fargo downgraded its rating. Their new recommendation was “an Equal weight” for MMC stock which previously was a “an Overweight”.
Analyzing MMC Stock Performance
During the last five days, there has been a drop of approximately -2.14%. Over the course of the year, Marsh & McLennan Cos., Inc shares have jumped approximately 20.47%. Shares of the company reached a 52-week high of $235.50 on 11/29/24 and a 52-week low of $188.31 on 01/25/24. A 50-day SMA is recorded $224.57, while a 200-day SMA reached $215.15. Nevertheless, trading volume fell to 1.63 million shares from 25374.0 shares the previous day.
Support And Resistance Levels for Marsh & McLennan Cos., Inc (MMC)
According to the 24-hour chart, there is a support level at 227.58, which, if violated, would cause prices to drop to 226.90. In the upper region, resistance lies at 229.39. The next price resistance is at 230.52. RSI (Relative Strength Index) is 53.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.40, which suggests the price will increase in the coming days. Percent R is at 47.17%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
