The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Moelis & Co shares valued at $70,800 were sold by Callesano Christopher on Nov 07 ’24. At $80.00 per share, Callesano Christopher sold 885 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, Shropshire Kenneth sold 495 shares, netting a total of over 34,299 in proceeds. Following the sale of shares at $69.29 each, the insider now holds 9,372 shares.
Before that, Pilcher Ciafone Katherine had sold 3,666 shares from its account. In a trade valued at $252,514, the Chief Operating Officer traded Moelis & Co shares for $68.88 each. Upon closing the transaction, the insider’s holdings decreased to 3,666 shares, worth approximately $0.0.
As published in a research note from Keefe Bruyette on December 20, 2024, Moelis & Co [MC] has been rated up from a Mkt perform to an Outperform and the price target has been revised to $86 from $71. Analysts at Morgan Stanley upgraded the stock from ‘”an Underweight”‘ to ‘”an Overweight”‘ outlook in a report released in early December. As of September 12, 2024, Wells Fargo has initiated its “an Equal weight” rating for MC. Earlier on March 13, 2024, Goldman upgraded its rating. Their new recommendation was “a Neutral” for MC stock which previously was a “a Sell”.
Analyzing MC Stock Performance
During the last five days, there has been a surge of approximately 1.15%. Over the course of the year, Moelis & Co shares have jumped approximately 1.15%. Shares of the company reached a 52-week high of $76.67 on 01/08/25 and a 52-week low of $72.56 on 01/07/25. A 50-day SMA is recorded $74.01, while a 200-day SMA reached $63.83. Nevertheless, trading volume fell to 1.4 million shares from 0.84 million shares the previous day.
Support And Resistance Levels for Moelis & Co (MC)
According to the 24-hour chart, there is a support level at 73.48, which, if violated, would cause prices to drop to 72.23. In the upper region, resistance lies at 76.33. The next price resistance is at 77.92. RSI (Relative Strength Index) is 51.64 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.64, which suggests the price will decrease in the coming days. Percent R is at 32.41%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
