Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Morningstar Inc shares valued at $1,137,347 were sold by DUBINSKY JASON on Dec 13 ’24. At $352.88 per share, DUBINSKY JASON sold 3,223 shares. The insider’s holdings dropped to 17,304 shares worth approximately $5.58 million following the completion of this transaction.
Also, DUBINSKY JASON purchased 3,223 shares, netting a total of over 1,137,347 in proceeds.
Before that, Mansueto Joseph D had sold 193 shares from its account. In a trade valued at $68,614, the Executive Chairman traded Morningstar Inc shares for $355.51 each. Upon closing the transaction, the insider’s holdings decreased to 193 shares, worth approximately $3.46 billion.
As published in a research note from Redburn Atlantic on October 09, 2024, Morningstar Inc [MORN] has been rated down from a Buy to a Neutral and the price target has been revised to $340. Analysts at UBS started covering the stock with ‘”a Buy”‘ outlook in a report released in early October. As of August 12, 2024, BMO Capital Markets has initiated its “an Outperform” rating for MORN. Earlier on October 30, 2023, Redburn Atlantic upgraded its rating. Their new recommendation was “an Overweight” for MORN stock which previously was a “a Neutral”.
Analyzing MORN Stock Performance
During the last five days, there has been a drop of approximately -4.28%. Over the course of the year, Morningstar Inc shares have dropped approximately -4.28%. Shares of the company reached a 52-week high of $338.50 on 01/02/25 and a 52-week low of $318.56 on 01/08/25. A 50-day SMA is recorded $342.84, while a 200-day SMA reached $316.21. Nevertheless, trading volume fell to 0.14 million shares from 90600.0 shares the previous day.
Support And Resistance Levels for Morningstar Inc (MORN)
According to the 24-hour chart, there is a support level at 319.73, which, if violated, would cause prices to drop to 317.10. In the upper region, resistance lies at 323.82. The next price resistance is at 325.28. RSI (Relative Strength Index) is 29.59 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -11.97, which suggests the price will decrease in the coming days. Percent R is at 88.26%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
