MarketAxess Holdings Inc’s filing revealed that its Executive Chairman McVey Richard M unloaded Company’s shares for reported $5.44 million on Nov 12 ’24. In the deal valued at $271.75 per share,20,000 shares were sold. As a result of this transaction, McVey Richard M now holds 592,029 shares worth roughly $142.05 million.
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Then, McVey Richard M sold 20,000 shares, generating $5,391,483 in total proceeds. Upon selling the shares at $269.57, the Executive Chairman now owns 572,029 shares.
Before that, McVey Richard M sold 10,000 shares. MarketAxess Holdings Inc shares valued at $2,676,737 were divested by the Executive Chairman at a price of $267.67 per share. As a result of the transaction, McVey Richard M now holds 562,029 shares, worth roughly $134.85 million.
BofA Securities initiated its MarketAxess Holdings Inc [MKTX] rating to an Underperform in a research note published on April 10, 2024; the price target was $199. Barclays also remained covering MKTX and has decreased its forecast on January 08, 2024 with a “an Equal weight” recommendation from previously “an Overweight” rating. UBS started covering the stock on October 06, 2023. It rated MKTX as “a Buy”.
Price Performance Review of MKTX
On Friday, MarketAxess Holdings Inc [NASDAQ:MKTX] saw its stock fall -1.65% to $239.93. Over the last five days, the stock has lost -7.25%. MarketAxess Holdings Inc shares have fallen nearly -18.07% since the year began. Nevertheless, the stocks have fallen -8.44% over the past one year. While a 52-week high of $297.97 was reached on 10/30/24, a 52-week low of $192.42 was recorded on 06/25/24. SMA at 50 days reached $272.87, while 200 days put it at $232.72.
Levels Of Support And Resistance For MKTX Stock
The 24-hour chart illustrates a support level at 236.18, which if violated will result in even more drops to 232.42. On the upside, there is a resistance level at 245.22. A further resistance level may holdings at 250.50. The Relative Strength Index (RSI) on the 14-day chart is 24.46, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -14.84, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.70%. Stochastics %K at 16.45% indicates the stock is a buying.
How much short interest is there in MarketAxess Holdings Inc?
A steep rise in short interest was recorded in MarketAxess Holdings Inc stocks on 2024-11-15, dropping by -0.13 million shares to a total of 0.66 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 0.78 million shares. There was a decline of -19.34%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on June 28, 2023 when Barclays began covering the stock and recommended ‘”an Overweight”‘ rating along with a $310 price target.
