Moelis & Co’s recent filing unveils that its Principal Accounting Officer Callesano Christopher unloaded Company’s shares for reported $70800.0 on Nov 07 ’24. In the deal valued at $80.00 per share,885 shares were sold. As a result of this transaction, Callesano Christopher now holds 0 shares worth roughly $0.0.
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Then, Shropshire Kenneth sold 495 shares, generating $34,299 in total proceeds. Upon selling the shares at $69.29, the Director now owns 9,372 shares.
Before that, Pilcher Ciafone Katherine sold 3,666 shares. Moelis & Co shares valued at $252,514 were divested by the Chief Operating Officer at a price of $68.88 per share. As a result of the transaction, Pilcher Ciafone Katherine now holds 0 shares, worth roughly $0.0.
Morgan Stanley upgraded its Moelis & Co [MC] rating to an Overweight from a an Underweight in a research note published on December 09, 2024; the price target was increased to $92 from $66. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in mid September with a ‘”an Equal weight”‘ rating. Goldman also remained covering MC and has increased its forecast on March 13, 2024 with a “Neutral” recommendation from previously “Sell” rating.
Price Performance Review of MC
On Monday, Moelis & Co [NYSE:MC] saw its stock fall -0.12% to $75.60. Over the last five days, the stock has lost -0.28%. Moelis & Co shares have risen nearly 34.69% since the year began. Nevertheless, the stocks have risen 43.29% over the past one year. While a 52-week high of $81.60 was reached on 11/07/24, a 52-week low of $46.24 was recorded on 04/25/24. SMA at 50 days reached $71.77, while 200 days put it at $61.78.
Levels Of Support And Resistance For MC Stock
The 24-hour chart illustrates a support level at 74.40, which if violated will result in even more drops to 73.21. On the upside, there is a resistance level at 77.47. A further resistance level may holdings at 79.35. The Relative Strength Index (RSI) on the 14-day chart is 54.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 47.10%. Stochastics %K at 51.38% indicates the stock is a holding.
How much short interest is there in Moelis & Co?
A steep rise in short interest was recorded in Moelis & Co stocks on 2024-11-15, dropping by -0.65 million shares to a total of 2.83 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 3.47 million shares. There was a decline of -22.87%, which implies that there is a negative sentiment for the stock.
