Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Marsh & McLennan Cos., Inc shares valued at $553,875 were sold by FANJUL OSCAR on Oct 30 ’24. At $221.55 per share, FANJUL OSCAR sold 2,500 shares. The insider’s holdings dropped to 48,549 shares worth approximately $10.39 million following the completion of this transaction.
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Also, FANJUL OSCAR sold 2,500 shares, netting a total of over 551,350 in proceeds. Following the sale of shares at $220.54 each, the insider now holds 46,049 shares.
Before that, Beswick Paul had sold 2,169 shares from its account. In a trade valued at $503,208, the SVP, Chief Information Officer traded Marsh & McLennan Cos., Inc shares for $232.00 each. Upon closing the transaction, the insider’s holdings decreased to 2,169 shares, worth approximately $2.29 million.
As published in a research note from RBC Capital Mkts on December 12, 2024, Marsh & McLennan Cos., Inc [MMC] has been rated up from a Sector perform to an Outperform and the price target has been revised to $250. As of September 05, 2024, Barclays has initiated its “an Equal weight” rating for MMC. Earlier on April 17, 2024, Piper Sandler downgraded its rating. Their new recommendation was “a Neutral” for MMC stock which previously was a “an Overweight”.
Analyzing MMC Stock Performance
During the last five days, there has been a surge of approximately 0.40%. Over the course of the year, Marsh & McLennan Cos., Inc shares have jumped approximately 12.97%. Shares of the company reached a 52-week high of $235.50 on 11/29/24 and a 52-week low of $188.31 on 01/25/24. A 50-day SMA is recorded $222.20, while a 200-day SMA reached $215.86. Nevertheless, trading volume fell to 0.56 million shares from 1.38 million shares the previous day.
Support And Resistance Levels for Marsh & McLennan Cos., Inc (MMC)
According to the 24-hour chart, there is a support level at 211.87, which, if violated, would cause prices to drop to 209.70. In the upper region, resistance lies at 215.34. The next price resistance is at 216.64. RSI (Relative Strength Index) is 39.02 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.85, which suggests the price will decrease in the coming days. Percent R is at 77.07%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
