Marsh & McLennan Companies June 15th Short Interest Update

Marsh & McLennan Companies (NYSE:MMC) has witnessed a rise of 10.4% or 597,917 shares in its short figure. The short interest augmentation took it from 5,745,119 on May 31,2016 to 6,343,036 on June 15,2016. In terms of floated shares, the short interest was calculated to be 1.2%. The days to cover are 4 given that the daily volume averaged 1,432,088 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Marsh & McLennan Companies (NYSE:MMC): The stock opened at $65.57 on Friday but the bulls could not build on the opening and the stock topped out at $65.97 for the day. The stock traded down to $64.76 during the day, due to lack of any buying support eventually closed down at $64.88 with a loss of -4.46% for the day. The stock had closed at $67.91 on the previous day. The total traded volume was 5,085,997 shares.

The company shares have rallied 14.23% from its 1 Year high price. On Jun 23, 2016, the shares registered one year high at $67.91 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $65.45 and the 200 Day Moving Average price is recorded at $59.46.

Marsh & McLennan Companies (NYSE:MMC) has tumbled 1.49% during the past week and has dropped 1.59% in the last 4 week period. In the past week, the company has outperformed the S&P 500 by 0.15% and the outperformance has advanced to 1.39% for the last 4 weeks period.

Marsh and McLennan Companies, Inc. is a professional services firm. The Company operates as two business segments: Risk and Insurance Services, and Consulting. The Risk and Insurance Services segment provides risk management activities and insurance broking, reinsurance broking and insurance program management services for businesses, public entities, insurance companies, associations, professional services organizations and private clients. The Company conducts business in this segment through Marsh and Guy Carpenter. The Company conducts business in its Consulting segment through two main business groups: Mercer, provides consulting expertise, advice, services and solutions in the areas of health, retirement, talent and investments, and Oliver Wyman Group, provides specialized management and economic and brand consulting services.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.