MarketAxess Holdings Inc’s filing revealed that its General Counsel and Secretary Pintoff Scott unloaded Company’s shares for reported $72171.0 on Dec 09 ’24. In the deal valued at $240.57 per share,300 shares were sold. As a result of this transaction, Pintoff Scott now holds 8,302 shares worth roughly $1.91 million.
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Then, Pintoff Scott bought 300 shares, generating $72,171 in total proceeds.
Before that, McVey Richard M sold 20,000 shares. MarketAxess Holdings Inc shares valued at $5,435,009 were divested by the Executive Chairman at a price of $271.75 per share. As a result of the transaction, McVey Richard M now holds 592,029 shares, worth roughly $136.26 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 jump 0.72% to $230.15. Over the last five days, the stock has lost -1.53%. MarketAxess Holdings Inc shares have fallen nearly -21.41% since the year began. Nevertheless, the stocks have fallen -17.34% 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 $266.35, while 200 days put it at $233.80.
Levels Of Support And Resistance For MKTX Stock
The 24-hour chart illustrates a support level at 227.85, which if violated will result in even more drops to 225.55. On the upside, there is a resistance level at 231.69. A further resistance level may holdings at 233.23. The Relative Strength Index (RSI) on the 14-day chart is 26.05, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -8.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.08%. Stochastics %K at 6.32% 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 2024-11-29, growing by 90219.0 shares to a total of 0.76 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 0.67 million shares. There was a rise of 11.9%, which implies that there is a positive 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.
