Moelis & Co’s filing revealed 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.
Keefe Bruyette upgraded its Moelis & Co [MC] rating to an Outperform from a a Mkt perform in a research note published on December 20, 2024; the price target was increased to $86 from $71. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in early December from “an Underweight” to “an Overweight”. Wells Fargo began covering MC with “an Equal weight” recommendation on September 12, 2024. Goldman revised its rating on March 13, 2024. It rated MC as “a Neutral” which previously was an “a Sell”.
Price Performance Review of MC
On Tuesday, Moelis & Co [NYSE:MC] saw its stock jump 0.75% to $74.84. Over the last five days, the stock has gained 0.59%. Moelis & Co shares have risen nearly 33.33% since the year began. Nevertheless, the stocks have risen 32.20% 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 $73.15, while 200 days put it at $62.93.
Levels Of Support And Resistance For MC Stock
The 24-hour chart illustrates a support level at 74.15, which if violated will result in even more drops to 73.46. On the upside, there is a resistance level at 75.27. A further resistance level may holdings at 75.70. The Relative Strength Index (RSI) on the 14-day chart is 52.38, 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 42.96%. Stochastics %K at 50.16% 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 2024-11-29, growing by 0.48 million shares to a total of 2.92 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 2.45 million shares. There was a rise of 16.27%, which implies that there is a positive sentiment for the stock.
