In a filing, Marsh & McLennan Cos., Inc revealed its Director FANJUL OSCAR unloaded Company’s shares for reported $0.55 million on Oct 30 ’24. In the deal valued at $221.55 per share,2,500 shares were sold. As a result of this transaction, FANJUL OSCAR now holds 48,549 shares worth roughly $10.59 million.
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Then, FANJUL OSCAR sold 2,500 shares, generating $551,350 in total proceeds. Upon selling the shares at $220.54, the Director now owns 46,049 shares.
Before that, Beswick Paul sold 2,169 shares. Marsh & McLennan Cos., Inc shares valued at $503,208 were divested by the SVP, Chief Information Officer at a price of $232.00 per share. As a result of the transaction, Beswick Paul now holds 10,692 shares, worth roughly $2.33 million.
A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early September with a ‘”an Equal weight”‘ rating. Piper Sandler also remained covering MMC and has decreased its forecast on April 17, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. Wells Fargo revised its rating on April 11, 2024. It rated MMC as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of MMC
On Monday, Marsh & McLennan Cos., Inc [NYSE:MMC] saw its stock fall -3.10% to $218.17. Over the last five days, the stock has lost -6.38%. Marsh & McLennan Cos., Inc shares have risen nearly 15.15% since the year began. Nevertheless, the stocks have risen 11.62% over the past one year. While a 52-week high of $235.50 was reached on 11/29/24, a 52-week low of $184.28 was recorded on 01/25/24. SMA at 50 days reached $224.48, while 200 days put it at $215.33.
Levels Of Support And Resistance For MMC Stock
The 24-hour chart illustrates a support level at 216.45, which if violated will result in even more drops to 214.72. On the upside, there is a resistance level at 221.46. A further resistance level may holdings at 224.74. The Relative Strength Index (RSI) on the 14-day chart is 34.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.95, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.09%. Stochastics %K at 28.79% indicates the stock is a holding.
How much short interest is there in Marsh & McLennan Cos., Inc?
A steep rise in short interest was recorded in Marsh & McLennan Cos., Inc stocks on 2024-11-15, dropping by -0.61 million shares to a total of 3.92 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 4.53 million shares. There was a decline of -15.69%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on January 10, 2024 when TD Cowen began covering the stock and recommended ‘”a Market perform”‘ rating along with a $189 price target.
