Moodys Corporation (MCO) has risen sharply, recording gains of 0.12% in the past 4 weeks. However, the stock has corrected -1.51% in the past 1 week, providing a good buying opportunity on dips. Moodys Corporation (MCO) : During the past 4 weeks, traders have been relatively bearish on Moodys Corporation (MCO), hence the stock is down -0.91% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.57% relative to the S&P 500.
The stock has recorded a 20-day Moving Average of 1.18% and the 50-Day Moving Average is 3.25%. Moodys Corporation (NYSE:MCO): On Fridays trading session , Opening price of the stock was $103.9 with an intraday high of $104.39. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $102.87. However, the stock managed to close at $103.46, a loss of 1.00% for the day. On the previous day, the stock had closed at $104.51. The total traded volume of the day was 1,233,654 shares.
The company Insiders own 1.48% of Moodys Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -3.81% . Institutional Investors own 89.07% of Moodys Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -4.32%. Also, UBS maintains its rating on Moodys Corporation (NYSE:MCO). The global brokerage major raises the current price target from $108 per share to $116 per share. Analysts at the UBS have a current rating of Buy on the shares. The rating by the firm was issued on July 25, 2016.
Moodys Corporation (Moodys) is a provider of credit ratings; credit, capital markets and economic related research, data and analytical tools; software solutions and related risk management services; quantitative credit risk measures, financial services training and certification services, and outsourced research and analytical services to financial institution customers. The Company operates in two segments: Moodys Investors Service (MIS) and Moodys Analytics (MA). The Companys MIS segment publishes credit ratings on a range of debt obligations and the entities that issue such obligations in markets across the world, including various corporate and Governmental obligations, structured finance securities and commercial paper programs. The Companys MA segment develops a range of products and services that support financial analysis and risk management activities of institutional participants in financial markets.